Friday, Oct 22

Saudi stock falls as King Salman hospitalized

Monday's trading affected negatively amid the collective decline of many sectors
20.07.2020 - 15:12

The general index of the Saudi Stock Exchange fell by 2.08% to 7268.72 points during Monday's trading, after reports that King Salman was hospitalized for medical checks.

MONDAY’S TRADING WAS AFFECTED NEGATIVELY

Early on Monday, the Saudi Royal Court announced that King Salman will undergo medical examinations, but without giving further details about the monarch’s health conditions.

Monday’s trading was affected negatively, amid a collective decline of most sectors, including energy, transport and banking.

Aramco dropped by 0.9%, SABIC, the region's largest petrochemical company, fell by 1.7%, while Al-Ahly, the kingdom's largest bank dropped by 0.8% and Al-Rajhi Bank by 1.2%.