Bomb explodes in Jeddah, Saudi Stock Exchange is red!



[ad_1]

Jakarta, CNBC Indonesia – Saudi Arabia’s Tadawul exchange was observed in red on Thursday afternoon Saudi Arabia time (12/11/2020) or 4:48 PM Indonesian WIB time.

Geographically, Indonesia and Saudi Arabia are in different parts of the world so the time is quite significant, which is 4 hours ahead of Saudi Arabia.

The official website of the Tadawul Exchange showed that its main index had corrected 0.21% or 17.74 points since the opening of trading on Thursday amid sentiment from the bomb explosion in Jeddah.


Tadawul is located in Riyadh, the capital of Saudi Arabia located in the Nejd region, temporarily Jeddah is the main port city of Saudi Arabia, both a seaport and an airport, situated on the shores of the Red Sea.

The main index of Tadawul, namely the Tadawul All Share Index (TASI), is at the level of 8,431.92 or less 0.21% with a transaction value of 6,240 million Saudi Riyals (SAR) or the equivalent of 25 trillion IDR (exchange rate of 3,779 IDR / SAR), with a trading volume of 194.09 million shares.

There were 83 shares rose, while 105 shares fell and the number of registered shares reached 203 issuers. The market capitalization of Tadawul Exchange reaches 9.13 trillion Saudi Riyals.

All indices fell except the stock index equipment goods which rose 1.17% and consumer durables and clothing up to 0.72%. Even the media and the stock index entertainment the highest rose 3.28%.

The other benchmark, the MSCI Tadawul 30 index, corrected by 0.37%.

The Tadawul Stock Exchange began to gain attention after the shares of the Saudi Arabian state oil company, namely Saudi America Arab Oil Company (Aramco), were listed on this stock exchange. Today, Aramco shares, coded 2222, fell 0.70% to 35.25 Saudi riyals.

One sentiment that happened in Saudi Arabia is that the bomb blast occurred in a non-Muslim cemetery in Jeddah, Saudi Arabia, on Wednesday (11/11/2020) local time. The explosion occurred during the commemoration of the First World War in the kingdom.

Quoting AFP, the statement was given by the French Foreign Ministry. At the scene of the incident were European diplomats, including those from President Emmanuel Macron’s country.

“Several consulates, including those in France, were targeted with IEDs (improvised explosive devices),” the ministry was quoted as saying on Thursday (12/11/2020).

“France strongly condemns this cowardly and unjustified attack.”

There have been no official comments from the Saudis regarding the blast, but some media linked the controversy of the cartoons of the prophet Charlie Hebdo and Macron’s comments on Islam in France.

Meanwhile, the country quoted state television hours after the incident, announcing that it had intercepted and destroyed two drones loaded with explosives launched by the Yemeni Houthi Group.

The Houthi group in Yemen is said to be closely linked to Iran. This group was the source of a series of attacks in the country, including an explosion at the Saudi state-owned oil and gas facility Saudi Aramco in 2019.

Not only that, the Saudi-led coalition also intercepted two ships loaded with explosives in the Red Sea. It is believed that he also belongs to the Houthi group.

On the same day, it was reported that the King of Saudi Arabia Salman Bin Abdulaziz had also attacked Iran the same day after the incident. He strongly urges the world to take a firm stance towards Ayatollah Khamenei country.

“The kingdom emphasizes the dangers of Iran’s regional project, interfering in other countries, encouraging terrorism, fanning the flames of sectarianism … in its quest to acquire weapons of mass destruction,” he said in a speech to the Shura Council of Arabia. Saudi, broadcast by videoconference.

It was his first public speech since he addressed the UN General Assembly in September via video link, in which he also targeted Iran.

Sunni Muslims in Saudi Arabia and Iranian Shiites are locked in a decades-long struggle for influence across the region, supporting opposing sides in conflicts from Syria to Yemen.

Tensions have risen since US President Donald Trump withdrew the United States from a landmark nuclear deal with world powers in 2018 and re-imposed tough economic sanctions on the Islamic Republic.

[Gambas:Video CNBC]

(bag of bag)


[ad_2]