Saudi market reportedly gains more than $20 billion in value amid calls for an investigation

An October 18 post says the Saudi stock market reportedly gained more than $20 billion in market value after the Tadawul index fell below 10,000 points. The author questions whether coordinated intervention or manipulation explains the gain, citing company losses and profit declines, and calls for an independent investigation. Separately, Saudi Exchange Company announced the termination of Morgan Stanley Saudi Arabia’s market-making agreements for two listed securities.