Saudi Arabia’s shares slid for the sixth day, led by petrochemicals and banks, on concerns about regional tensions and the global economy.
Saudi Basic Industries Corp. (SABIC), the world’s largest petrochemical maker, known as Sabic, and Samba Financial Group (SAMBA), the second-largest lender in the kingdom, dropped the most in five days. Al Rajhi Bank, the largest Saudi lender, declined to the lowest value since Oct. 23.
The Tadawul All-Share Index (SASEIDX) declined 0.7 percent to 6768.73, the lowest level since Oct. 24, at 1:21 pm. The Arab world’s biggest bourse has gained 5.4 percent this year.
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