Categories: Business

Closing bell: TASI tanks 159 points as oil slide sparks selloff


Wed, 2023-03-15 17:31

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 158.67 points — or 1.55 percent — to close at 10,048.50 on Wednesday as Brent crude fell 4 percent, hitting its lowest in over a year. 

The contagion took off after Saudi National Bank, Credit Suisse’s largest shareholder, pulled the plug on its financial assistance to the beleaguered investment bank, citing regulatory reasons. 

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