Saudi Arabia's benchmark index declined 1.2%, dragged down by a 1.4% slide in state-owned Saudi Aramco, which hit its lowest since it began trading on Dec. 11.
BENGALURU: Saudi Arabia's stock market led most Gulf bourses lower on Sunday after oil prices plunged more than 6% at the end of last week, while oil giant Aramco fell for a sixth consecutive day.
Oil prices posted their fifth straight weekly decline, as speculators backed away due to weaker consumption figures and expectations the coronavirus, which has killed more than 600 people, will remain a drag on demand.
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