Saudi Arabia's bourse slumped to a two-month low on Wednesday amid a region-wide decline as opposition in the euro zone to measures aimed at resolving the region's debt crisis worsened the shaky outlook on global
economic growth.
Protesters clashed with police in Spain as the government prepared to unveil its 2013 budget on Thursday, causing a sharp rise in borrowing rates and drop in world shares.
"This continuous decline is parallel to foreign markets--the euro zone condition is back in focus and Spain's contagion crisis is affecting sentiment," said Hesham Tuffaha, head of asset management at Saudi Arabia's Bakheet Investment Group.
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