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Saudi stocks fall to lowest since March 2004

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.

  • Agencies
  • Published: 18:48 November 15, 2008
  • Gulf News

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.

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