Saudi stocks slump 5.5%, first to collapse and first to rebound? « ArabianMoney

Because the Saudia Arabian bourse is the only major bourse in the world open on a Saturday it was also the first to respond to the S&P downgrade of US debt to below triple-A for the first time in history.

The Tadawul All-Shares Index closed down 350.43 points 6,073.44 or 5.5 per cent lower. Other Gulf stock markets opening for business this morning are likely to show similar crashes.

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