Middle East stock markets suffer losses, dragged down by US-Iran tensions

Fayez Nureldine 2

Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the killing of Iran’s top general triggered a new round of tensions between the US and Iran.

The TASI slumped around 2 percent and was below 8,230 points on Sunday morning. Shares of energy giant Saudi Aramco fell to the lowest level since its record IPO last month, trading at 34.55 riyals per share.

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