Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 2.2% on Sunday, as clashes between Yemen’s Houthi movement and the Saudi-led coalition weighed on investor sentiment.
The index stood at 9,478.10 points at 11:51 a.m. Riyadh time, down 217.76 points from Thursday’s close of 9,695.86. It touched a session low of 9,476.70.
Most large stocks traded lower. Al Rajhi Bank fell 2.2% and Saudi National Bank dropped 1.9%. Maaden lost 2.5% and ACWA Power slid 3.8%.
Saudi Aramco was down 0.8% at SR25.20.
Exchange operator Saudi Tadawul Group fell 4.1% to SR101.60, and food delivery company Jahez dropped 3.7% to SR9.07.
Both were among 52 companies and real estate investment trusts that hit their lowest prices since listing during the session, data compiled by Argaam showed. A further 75 stocks touched 52-week lows.
The Saudi-led coalition said on Sunday that air defenses had intercepted a drone and a ballistic missile aimed at Riyadh, the Qatar News Agency reported.
Riyadh’s King Khalid International Airport has partially resumed operations after a suspension.
Elsewhere in the Gulf, Qatar’s main index was little changed by late morning, while Qatar National Bank, the region’s largest lender, fell 0.9%.
The Saudi index dropped below 9,800 points on Thursday for the first time since April 2021.
