Saudi stocks fall to lowest since March 2004

Riyadh: Saudi stocks fell sharply on Saturday, ending at their lowest level since March 2004, with blue-chips Saudi Basic Industries Corp (SABIC) and Al-Rajhi Bank closing almost limit down.

Highlights of Saturday's trading:

- The all-share index lost 7.4 per cent to end at 5,079 points, its lowest closing level since late March 2004, according to data from the bourse website.

- SABIC ended 9.96 per cent lower at 54.25 riyals, its lowest close since mid-August 2004, according to bourse data.

- Rajhi closed 9.77 per cent lower at 60 riyals, its lowest close since March, 2004.