Saudi Arabia’s Stock Market Trading Stops Over Technical Error

DUBAI, United Arab Emirates — Saudi Arabia’s Stock exchange halted trading on Wednesday due to an unidentified technical problem.

In an urgent on-screen graphic, Saudi state television announced that transactions on Riyadh’s Tadawul had halted, with an anchor claiming that officials were attempting to resolve the issue.

Trade was eventually restored by the Tadawul, however, despite the stock exchange’s declaration, Saudi official television reported that trading remained paused. The contradictory remarks elicited no quick explanation.

Trading had also resumed, according to Saudi Al-Ekhbaria TV.

The Tadawul trades a fraction of the value of Saudi Arabia’s oil behemoth, the Saudi Arabian Oil Company. Aramco is one of the most valuable corporations in the world.

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