Tadawul trading screen
HSBC Holdings’ strategists downgraded their rating for Saudi equities from “Overweight” to “Neutral”, Bloomberg reported. 
The strategists cited near-term risks given the escalating geopolitical woes and weaker oil prices, the news agency noted.
The benchmark Tadawul All Share Index (TASI) retreated by 1.6% (189 points) today, Oct. 6, to close at 11,769 points.
The TASI pullback came against the backdrop of theheightenedgeopoliticaltensions in the Middle East.
Tadawul trading screen
HSBC Holdings’ strategists downgraded their rating for Saudi equities from “Overweight” to “Neutral”, Bloomberg reported.
The strategists cited near-term risks given the escalating geopolitical woes and weaker oil prices, the news agency noted.
The benchmark Tadawul All Share Index (TASI) retreated by 1.6% (189 points) today, Oct. 6, to close at 11,769 points.
The TASI pullback came against the backdrop of theheightenedgeopoliticaltensions in the Middle East.
