{"id":275566,"date":"2025-04-06T17:22:16","date_gmt":"2025-04-06T17:22:16","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/06\/saudi-stock-market-faces-worst-loss-in-5-years-amid-us-tariffs-state-media-the-times-of-india\/"},"modified":"2025-04-06T17:22:16","modified_gmt":"2025-04-06T17:22:16","slug":"saudi-stock-market-faces-worst-loss-in-5-years-amid-us-tariffs-state-media-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/06\/saudi-stock-market-faces-worst-loss-in-5-years-amid-us-tariffs-state-media-the-times-of-india\/","title":{"rendered":"Saudi stock market faces worst loss in 5 years amid US tariffs: State media &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-120041673,imgsize-1209380,width-400,resizemode-4\/-.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Saudi stock market faces worst loss in 5 years amid US tariffs: State media &#8211; The Times of India\" title=\"Saudi stock market faces worst loss in 5 years amid US tariffs: State media &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>The <!-- -->Saudi stock market<!-- --> experienced its largest daily drop in five years, with the index falling by 6.78% on Sunday. This marked the worst loss since the early days of the Covid-19 pandemic, according to state media.<br \/>According to news agency AFP, the sharp decline was triggered by the recent imposition of sweeping trade tariffs by the US, which led to a <!-- -->global stock market rout<!-- --> and heightened fears of a full-scale trade war and potential recession.<br \/>Al-Ekhbariya, the state-run television channel, reported that the Saudi stock index closed nearly 7% lower, losing over 800 points. The news outlet described the drop as &#8220;the <!-- -->largest daily loss in five years<!-- -->&#8221; and pointed out that many Saudi companies, including the oil giant Aramco, were hit hard by the downturn.<br \/>The tariffs, introduced by President Donald Trump, have had a significant impact on global markets, with Saudi stocks bearing the brunt of the fallout. The utilities sector saw a 8.4% drop, while banking, telecommunications, and energy sectors fell by 6.9%, 5.9%, and 5.29%, respectively.<br \/>Shares in Saudi Aramco, a key pillar of the kingdom&#8217;s economy, plummeted by 6.2%. According to the state-run financial newspaper Al-Eqtisadiah, the Saudi stock market lost more than half a trillion riyals (approximately $133 billion) in value during Sunday\u2019s trading session.<br \/>A substantial portion of the losses was attributed to the drop in Aramco\u2019s market value, which fell by more than 340 billion riyals.<br \/>Other Gulf stock markets also mirrored the global trend, suffering significant losses as countries across the world grappled with the effects of Trump\u2019s tariffs. This turmoil has sparked a panic that has lasted for several days, and analysts predict further declines when markets reopen on Monday.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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This marked the worst loss since the early days of the Covid-19 pandemic, according to state media.According to news agency AFP, the sharp decline was triggered by the recent imposition of sweeping trade tariffs by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":275567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-120041673,imgsize-1209380,width-400,resizemode-4\/-.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[212670,4408,212669,273,212668,6859,1602,3200,8576,212667,2480,1601,18165,272,180828,5750,111],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/275566"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=275566"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/275566\/revisions"}],"predecessor-version":[{"id":275568,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/275566\/revisions\/275568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/275567"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=275566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=275566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=275566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}