Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Saudi Stock Market Plunges 6.78% in Biggest Drop Since 2020
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Saudi Arabia Skilled Worker Visa
PhotoNews Pakistan > Business > Saudi Stock Market Plunges 6.78% in Biggest Drop Since 2020
BusinessTop News

Saudi Stock Market Plunges 6.78% in Biggest Drop Since 2020

Web Desk
By Web Desk Published April 7, 2025 2 Min Read
Share
Photo: Saudi Arabia's Flag
SHARE

On Sunday, Saudi Arabia’s stock market experienced a severe decline, dropping by 6.78%, marking its steepest daily drop in five years and erasing over 500 billion riyals ($133 billion).

State Media reported that the index dropped more than 800 points, marking its worst loss since the panic caused by COVID-19 in 2020. This sharp decline, covered by Al-Ekhbariya, was triggered by trade tariffs imposed by the United States under Donald Trump. This situation ignited a global market meltdown and heightened fears of a potential trade war and looming recession.

Saudi Stocks Take 5-Year Record Fall After US Tariffshttps://t.co/gfnPAb1olF pic.twitter.com/kwOnQtFt36

— Channels Television (@channelstv) April 6, 2025

Heavyweights like Saudi Aramco bore the brunt, with shares diving 6.2%, slashing its market value by over 340 billion riyals, per Al-Eqtisadiah. Sector losses piled up; utilities cratered 8.4%, banking fell 6.9%, telecoms 5.9%, and energy 5.29%. “It’s the biggest daily hit in five years,” state TV noted, as the ripple effect from Trump’s tariffs hammered Gulf markets too. Analysts brace for more pain when trading resumes Monday.

Saudi stock market closes with 5-year record loss after US tariffs https://t.co/usWZ6oKKYQ

— Khaleej Times (@khaleejtimes) April 6, 2025

The U.S. tariff wave has rocked worldwide stocks, but Saudi Arabia’s $133 billion loss stands out. With Aramco and key sectors reeling, the kingdom faces a tense road ahead—trade tensions and recession whispers loom large.

Read: Trump Defends Sweeping Tariffs, Warns of Pain Before Prosperity

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

X TV Beta

X’s Algorithm Fueled Anti-Muslim Riots After Southport Attack, Amnesty Reports

Swat mine collapse 2025

Swat Emerald Mine Collapse in Malook Abad

Ed Sheeran lip-syncing debate

Ed Sheeran Exposes Lip-Syncing Among Professional Singers

Post Archives

More Popular from Photonews

PCB WCL withdrawal
Sports

Pakistan Cricket Board Withdraws from Future WCL Editions Over Double Standards

2 Min Read
Pakistan Z-10ME helicopters
Pakistan

Pakistan Army Inducts Z-10ME Helicopters

3 Min Read
Diddy Trump pardon
Entertainment

Can Sean ‘Diddy’ Combs Secure a Presidential Pardon from Donald Trump After Conviction?

3 Min Read
Entertainment

Orlando Bloom’s Humorous Response to Katy Perry and Justin Trudeau Romance Rumors

On August 3, 2025, rumours linking pop star Katy Perry, 40, with former Canadian Prime Minister…

August 3, 2025
Pakistan

FPSC Announces CSS 2026 Exam Schedule with Expanded Age Limit

On August 3, 2025, the Federal Public Service Commission (FPSC) released the schedule for the Central…

August 3, 2025
Pakistan

Pakistan Hajj Policy 2026: Application Dates, Quotas, and Digital Upgrades

On July 31, 2025, Pakistan's federal cabinet approved the Hajj Policy for 2026, as announced by…

July 31, 2025
Entertainment

Sydney Sweeney’s HEYDUDE Ad Reignites Cultural Controversy

Sydney Sweeney, famed for her role in Euphoria, has sparked renewed debate with her HEYDUDE Country…

August 1, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?