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Thursday, 18 March 2010 10:00 UAE time

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Saudi shares close 1.1% lower

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 06 February 2010
STOCK WATCH: The all share TASI dropped to 6,216 points. (Getty Images)
STOCK WATCH: The all share TASI dropped to 6,216 points. (Getty Images)

Saudi shares closed 1.1 percent lower after oil prices fell to a seven-week low.

The all share TASI dropped to 6,216 points and heavyweight Saudi Basic Industries Corp fell 2.3 percent, dragging the petrochemical index down 1.8 percent to 5,278 points.

The banking index shed nearly 1 percent, led by Samba Financial Group which drops 3.1 percent. (Reuters)

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