Saudi stocks dive after finance minister vows 'painful' measures

Dubai (AFP) - Saudi shares slumped 6.8 percent as trading opened Sunday, a day after the finance minister announced "painful" measures to tackle the economic impacts of the coronavirus pandemic.Almost all the listed stocks on the Arab world's largest bourse were in the red just minutes after the start of trading.Finance Minister Mohammed al-Jadaan said late Saturday that the kingdom would take "drastic measures" to face the double shock of the novel coronavirus and low oil prices."Some of these measures could be painful," he said in an interview with Saudi-owned news channel Al-Arabiya.He said...


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