Saudi Arabia's main stock index fell 6.4 per cent yesterday following unprecedented protests on the streets of Cairo that have shaken investors around the world.
The Tadawul All-Share Index suffered its biggest daily fall since May, mirroring volatility on Friday in most of the world's major stock markets. Oil rose by 4.3 per cent to US$89.34 per barrel late on Friday on fears that the protests in Egypt could disrupt crude shipments through the region.
Gold, a traditional safe haven for investors, was up 1.7 per cent to $1,341.70 an ounce, its biggest increase since late last year. Prices for US government debt - another safe-haven investment - have also been on the rise.
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