Saudi stocks closed down one percent on Saturday as investors shrugged off neighbouring Dubai's debt crisis in the first trading day on the Riyadh market in nearly two weeks.
The Gulf's largest equities market sank 2.3 percent when trading opened for the first time after the Eid al-Adha holiday break, but recovered and was off only 1.06 percent at the close.
The main TASI index fell to 6,288.27 from 6355.82 at its last closing on November 25, the day state-owned conglomerate Dubai World said it was asking to suspend payments on 59 billion dollars in debt.
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