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RIYADH, Oct 11: The Saudi stock market, the largest in the Arab world, opened the week’s trading on Saturday down seven per cent, diving below the 6,000-point mark.
The Tadawul All-Shares Index (TASI) shed more than 450 points in the first minute before recovering some of its losses. It was later trading at around 5,873.66 points, down 4.7 per cent.
The market’s 15 sectors and 124 firms whose stocks were being traded all suffered declines, led by the petrochemicals sector which dropped 7.8 per cent.—AFP
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