Saudi, Gulf Stocks Fall After Attacks on Aramco Oil Plants

Saudi, Gulf Stocks Fall After Attacks on Aramco Oil Plants
An Aramco oil facility at the edge of the Saudi capital Riyadh, on Sept. 15, 2019. Fayez Nureldine/AFP/Getty Images
Reuters
Updated:

RIYADH, Saudi Arabia—Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.

Sunday’s decline extended a losing spree for Saudi stocks, which in recent weeks have been hit by expensive valuations, weak oil prices, and concerns about the economic outlook.