Monday 22 October 2018

MIDEAST STOCKS-Saudi falls as Khashoggi killing weighs on investors | Reuters

MIDEAST STOCKS-Saudi falls as Khashoggi killing weighs on investors | Reuters:

Saudi Arabia’s stock index tumbled in early trade on Monday amid continued investor concerns about consequences from the killing of Saudi journalist Jamal Khashoggi, following fresh data that showed heavy foreign selling last week.

The Saudi index fell 1.3 percent to 7,564.49 points within half an hour, after it closed in positive territory on Sunday after surviving an early sell-off.

Saudi Arabia on Sunday described the killing of Khashoggi at its Istanbul consulate a “huge and grave mistake,” but said its crown prince Mohammed bin Salman (MBS) had not been aware.

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