Saudi stock market firmly in the red due to issue Khashoggi

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The Saudi Arabian stock exchange was firmly in the red today due to the issue of the death of journalist Jamal Khashoggi. The leading Tawadul index lost almost 4 percent on opening. During the session, the gauge made up for something of that loss.

The Saudi authorities confirmed the death of government-critical journalist Khashoggi this weekend. According to the Saudi prosecutor, there is a fight at the consulate in Istanbul between him and people he met there that led to his death. Eighteen Saudis have been arrested in connection with the investigation.

The American president Donald Trump initially called the declaration on Khashoggi a good first step. Later he expressed his concerns about the fact that the journalist’s body has not yet been found.

The Yemeni human rights activist and Nobel Laureate Tawakkul Karman protested last week against the disappearance of Khashoggi.

The German Foreign Minister Heiko Maas said in a television interview that, as long as the investigation into the death of Khashoggi is running, Berlin does not bring any military equipment to Ryadh. Germany last year accounted for the delivery of 254 million euros worth of military goods to the country.

London today announced via minister for brexit Dominic Raab that the Saudi explanation is “not credible”.