Saudi Arabian shares dropped the most in almost three weeks after crude oil capped its biggest weekly decline in more than two years, following the death of Osama bin Laden and a strengthening dollar.
Saudi Basic Industries Corp., the world’s biggest petrochemicals maker, dropped for a third day. Al Rajhi bank, the kingdom’s largest publicly-traded lender by market value, declined to the lowest intraday level in two weeks.
The 146-member Tadawul All Share Index declined 1.1 percent, the measure’s largest intra-day loss since April 17, to 6,611.73 at 12:15 p.m. in Riyadh. More than four shares dropped for every one stock that gained.
No comments:
Post a Comment