Saudi stocks raise their losses to 6.8%, amid the pressure of the customs duties war

The Saudi stock market recorded severe losses during trading today, Sunday, affected by the wave of declines at the end of last week in the global markets as a result of the mutual customs duties war between America and the rest of the world. Also with sharp declines in oil prices.

The Tassi Index fell 805 points at the end of today’s session, or the equivalent of 6.78% at the level of 11077 points, with trading that exceeded 8.4 billion riyals.

The amount of shares traded reached 450 million shares, and the majority of listed shares of 253 companies recorded collective retreats, with the exception of one share, which is a development of chemicals.

The declining shares list (Kimnon, Riyadh Cement, Wafra, Fish, Eastern Development) is issued by 10%.

Al -Baha share shares in terms of trading quantities by about 108 million shares, while Aramco’s share is issued by value by about 600 million riyals.