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The US orders some diplomats and their families to leave Saudi Arabia as Houthi attacks intensify. Three people are killed in separate incidents at an Aramco oil field and a Saudi airport, while Brent moves above $110 as the security risks lift oil prices.
Saudi Aramco offers extra spot crude cargoes to Europe, sources say
iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA - Get Free Report) shares reached a new 52-week low during trading on Monday. The stock traded as low as $35.65 and last traded at $35.7050, with a volume of 35,906 shares traded. The stock had previously closed at $36.06. iShares MSCI Saudi Arabia ETF Price Performance The business
The iShares MSCI Saudi Arabia ETF appears unattractive due to economic contraction, banking sector weakness, and relative premium valuation. Oil production is expected to be weak even in Q4-26, while the non-oil sector is also seeing subdued growth. KSA's heavy exposure to banks (42% of portfolio) amplifies risks from slowing loan growth, rising credit costs, and shifting deposit bases amid regional instability.
The U.S. State Department said on Friday it had approved the potential sale of Joint Direct Attack Munitions-Extend Range to Saudi Arabia for an estimated $5 billion.
Six months into the U.S.-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows.
Several of SpaceX's biggest investors have made themselves known. The biggest backers of Elon Musk's company include Alphabet, Nvidia, and Saudi Arabia.
Empowered Funds LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,406 shares of the company's stock, valued at approximately $573,000. Empowered Funds LLC