Concerns over Yemen aggression weigh on Saudi Arabia’s biggest stock index

The value of Saudi Arabia’s major stock index, Tadawul, has taken a nosedive amid concerns over the ongoing war of aggression in Yemen.

Tadawul’s shares were down 1.31 percent before the markets closed on Monday in the western port city of Jeddah, Saudi Arabia’s commercial hub.

All stock market indexes were down in Saudi Arabia after trading time ended and the loss continued in aftermarket trading.

The fall came after the Saudi-owned Al Arabiya Hadath TV satellite channel aired videos of tanks loaded onto military trucks.

The channel claimed the tanks were “the arrival of reinforcements from the strike force to the [Yemeni] border.”

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