Tuesday 9 August 2011

Saudi ends at 5-month low on global economic concerns | Reuters

Saudi Arabia's index ends at a five-month low, as most shares retreat in reaction to a panic sell-off in U.S. and Asian markets on fears of a new global downturn.

The benchmark ends 0.8 percent lower at 6,009 points, its lowest close since March 7.

Bellwether Saudi Basic Industries Corp (SABIC) falls 1.3 percent and Al-Rajhi Bank drops 0.7 percent.

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