By Maged Al-Shabib
Riyadh-Mubasher: Saudi Arabia's Tadawul All-Share Index (TASI) dropped as much as 2.3% or 164.09 points to close at the 6,788.13 level, its lowest in nearly one month.
The bourse was pressured by the kingdom's decision to sever diplomatic ties with Iran, as well as china's weak factory activity surveys.
Turnover increased around 30% to SAR 5.16 billion, and trading volume reached 237 million shares, exchanged in 132,000 transactions.
All sectors declined, led by media which fell 8.7%, followed by insurance and hotels which lost 6.2% and 5.4%, respectively.
The petrochemical sector also dropped 2.7%, as all of its stocks moved lower. SABIC tailed the list with a decline of 1.19%.
The banking sector shed 1.28%, pressured by Al-Rajhi Bank which tumbled 4%.
Rounding up stocks, only eight headed north, topped by Mouwasat which rose 1.3%. On the other hand, BIC was the major disappointment, diving 9.2%.
Translated by Abdul Maguid Aboshahla
