WORLD Saudi stocks dip 3% in first session after oil attack


Saudi stocks dip 3% in first session after oil attack


16:31, September 15, 2019

Saudi shares dropped three percent at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the kingdom's production.


Smoke billows from an Aramco oil facility in Abqaiq about 60km (37 miles) southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019.(Photo: AFP)

The Arab world's largest capital market shed some 200 points in the first few minutes after the opening bell, before regaining some of the losses.

The key energy sector plunged 4.7 percent, while the telecom and banking sectors each slid three percent.

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