Petrochemical and banking shares led the Saudi bourse to a lower close after mounting concerns over the spread of a debt crisis in Europe and a decline in oil prices.
The all-share index TASI ended 1.2 percent down at 5,927.5 points.
Shares in export-oriented Saudi Basic Industries Corp (SABIC) lost 2.9 percent to 83.3 riyals and Banque Saudi Fransi - affiliated to French Calyon - shed 4.1 percent.
Trade was led by state-controlled power utility Saudi Electricity whose stock closes nearly limit up - or 9.8 percent higher - after it announced an expected rise in revenue on higher electricity tariffs for non-household users as of July.
The Saudi bourse closes on Thursdays and Fridays.
On Friday, oil prices fell 4 percent sliding below $72 a barrel as disappointing US employment data and fresh fears about Europe's bank woes spreading made investors risk averse and worried about economic recovery.
Saudi shares also track global markets performance. Both U.S. and European stock markets fell sharply on Friday. (Reuters)For all the latest Saudi Arabia news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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