Follow-ups -eshrag News:
RIYADH: Saudi stocks dropped on Monday amid a continued fluctuation in oil prices and inflation fears that weighed on investor sentiment.
TASI fell 0.8 percent to end the day at 11,427 following the debut of Saudi developer Retal Urban Development, while the parallel Nomu market lost 2.1 percent to 20,248.
Unlike Saudi Arabia, most stock markets of gulf peers rebounded on Monday, except for the Omani index which closed flat.
Abu Dhabi, Dubai, Qatar, Bahrain, and Kuwait all added between 0.1 and 0.5 percent.
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