Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern about the European Union embargo on Russian refined products.
on Friday, with Brent crude ending down $2.23, or 2.7%, at $79.94 a barrel.on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies in future.Saudi Arabia's benchmark index
dropped 1.34%, the worst day since Dec. 7. The index was undermined by losses in almost all sectors barring real estate.
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