WORLD Saudi shares tumble as Aramco drops 10 percent

WORLD

Saudi shares tumble as Aramco drops 10 percent

AFP

15:35, March 09, 2020

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The Saudi stock market, the largest in the region, tumbled 9.2 percent at the start of trading Monday with energy giant Saudi Aramco diving 10 percent, well below its listing price.

The drop comes following a crash in oil prices on the global market after OPEC and its allies failed to reach a deal on production cuts to shore up prices dented by the coronavirus.


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