Tadawul trade closes mostly flat

Saudi Arabian stocks closed flat Saturdayafter markets mostly shrugged off a failed attempt to assassinate Saudi Arabia’s security chief, who is also a prominent member of the royal family.

“I am surprised at the markets’ reaction, but they seemed to shake it [the failed attempt] off,” said Ali Khan, the managing director and head of brokerage at Arqaam Capital in Dubai.

“Initially it did cross my mind, whether this would be conceived as a real threat, and we would see a real meltdown. But apparently it was taken off as a one-off.”

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