Tuesday 23 October 2018

MIDEAST STOCKS-Saudi stocks stumble amid Khashoggi killing fallout | Reuters

MIDEAST STOCKS-Saudi stocks stumble amid Khashoggi killing fallout | Reuters:

Saudi Arabia’s stock market dived in early trade on Tuesday, the opening day of a three-day investment conference, amid persistent investor concern about global reaction to the killing of journalist Jamal Khashoggi.

The Saudi index fell 1.3 percent at 7,546 points in half an hour, with banks and petrochemical shares the biggest losers.

U.S. President Donald Trump said on Monday that he was still not satisfied with what he has heard from Saudi Arabia about the killing of Khashoggi in Turkey, but did not want to lose investment from Riyadh.

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