Saudi Arabian shares dropped the most in a week, led by petrochemical companies and banks, after the International Monetary Fund cut its US growth forecast for 2011.
The Tadawul All Share Index dropped 0.68 percent to 6,501.25 points at close.
Saudi Basic Industries Corp., the worlds biggest petrochemicals maker, and Al Rajhi Bank, the Kingdoms largest publicly traded lender by market value, led the losses. Banque Saudi Fransi fell for a fourth straight day.
No comments:
Post a Comment