Saudi stocks have tumbled after sanctions on Iran were lifted
Saudi stocks have tumbled after sanctions on Iran were lifted © Fayez Nureldine - AFP/File
Saudi stocks have tumbled after sanctions on Iran were lifted
AFP
Last updated: January 17, 2016

Saudi stocks plunge 6.5% on Iran's return

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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