Saudi Arabia's bourse extends declines, slumping to a fresh 12-week low to near a psychologically important
support level as global market woes dampen local sentiment.
The kingdom's index falls 1.6 percent to 7,067 points, its lowest finish since Feb. 22. The 7,000 level is considered a strong psychological support. Most sectors end lower as investors cut risk.
Bellwether Saudi Basic Industries Corp (SABIC) and Al Rajhi fall 1.8 and 1.3 percent respectively, while telecoms operator Etihad Etisalat (Mobily) loses 2.3 percent.
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