Monday, 7 April 2025

Aramco shares drop 5.4% amid global market sell-off

اقرأ المزيد

Shares in Saudi Aramco fell 5.48% to SAR 24.86 on Sunday, as regional bourses tracked a global equity sell-off. Trading volume reached about 9.22 million shares, executed through 22,340 transactions.
The decline came as stock markets across the Gulf opened the week in negative territory, weighed down by steep losses in global equities and falling oil prices. Indices in Saudi Arabia, Kuwait, and Qatar posted losses of more than 5% in early trade.
The benchmark Tadawul All Share Index (TASI) dropped 5.08% to 11,278.92 points. Kuwait’s Premier Market Index slid 5.13% to 8,154.08, while the broader All-Share Index lost 4.85% to 7,610.58. Qatar’s main index retreated 5.26% to 9,685.7 points.
Other Gulf markets also came under pressure. Bahrain’s All-Share Index edged down 0.11% to 1,936.33 points, while the Muscat Stock Exchange Index declined 1.93% to 4,282.8 points.
In Egypt, the EGX30 index dropped more than 4% to below 30,400 points in early trading. Circuit breakers were triggered on 11 stocks, halting trade for 10 minutes after declines exceeded 5%.
The regional downturn followed steep losses in global markets on Friday, after U.S. President Donald Trump announced tariffs on all countries, fueling concerns over a deepening trade war. Major U.S. indices ended the week with heavy losses, wiping out billions of dollars in market value.

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