The Tadawul All Share Index retreated as much 1%, its sharpest decline since Jan. 31. Rajhi Bank, Saudi Basic Industries, Saudi Telecom Co. and Saudi Aramco dragged the index down the most by points. Outflows from the Saudi stock exchange climbed to a record of 6.6 billion riyals ($1.76 billion) in October 2018, the month when Khashoggi was killed at the Saudi Consulate in Istanbul. It was the biggest monthly drop in foreign holdings since the country opened up its stock market to international investors in 2015. MIDDLE EASTERN MARKETS:The Saudi index trims drop to 0.5% as of 10:29 a.m. local time.

Source: The North Africa Journal February 28, 2021 09:00 UTC