Arab Today, arab today saudi stocks plunge 65 on irans return low oil
Last Updated : GMT 21:25:08
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Saudi stocks plunge 6.5% on Iran's return, low oil

Arab Today, arab today

Arab Today, arab today Saudi stocks plunge 6.5% on Iran's return, low oil

Saudi stocks have tumbled after sanctions on Iran were lifted
Riyadh - AFP

The Saudi stock market, the largest Arab exchange, followed its Gulf peers Sunday and traded down 6.5 percent after opening on low oil prices and the lifting of sanctions on arch-rival Iran.

The Tadawul All-Shares Index shed more than 300 points just minutes after the start to go below the 5,500-point mark. All but three of the 167 listed stocks dropped.

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