Aramco Suddenly Plunges / Saudi Arabia's Oil Heart Stops

Saudi Stock Market Closed Wednesday with the Main Index Down 1.74 Percent.

Following the attacks of the Yemeni armed forces on the vital and strategic facilities of the Saudi regime, the financial markets of this regime witnessed a free fall of indices and the flight of investors. Aramco shares fell 1.6 percent after the company's main headquarters in Dhahran city in eastern Saudi Arabia was targeted by Yemeni armed forces and heavy damages were inflicted on it. Meanwhile, Yemeni military sources issued a clear warning and advised Aramco shareholders to sell their shares as soon as possible to avoid further losses in the coming days.

Tassi index fell to the lowest level since March 2023

The main index of the Saudi Stock Exchange (TASI) fell 1.74 percent in Wednesday's trade and lost 179.31 points to close at 10,138.83 points, which is the lowest closing level since March 2023.

The total value of transactions in this session reached 3.9 billion Rials and the volume of transactions reached 209 million shares. In this session, only 15 companies faced an increase in price, while the shares of 252 companies fell.

The early morning attacks of the Yemeni armed forces on the main headquarters of Aramco in Dhahran caused extensive damage and caused a huge fire in this building.