Saudi bourse opens 3.7% down

All-share index TASI declines to around 6,565 points after turmoil hit global markets.
Saudi bourse opens 3.7% down
By Reuters
Sat 08 May 2010 12:06 PM

The Saudi index TASI dropped 3.7 percent in early trading after turmoil hit global markets on Friday and a fall in oil prices to below $80 a barrel.

The petrochemicals index dropped 4.9 percent while the all-share index declines to around 6,565 points.

Petrochemicals giant Saudi Basic Industries Corp lost 3.6 percent and Saudi Fertilizers Co fell 3 percent.

Al-Rajhi Bank traded 2.8 percent lower. (Reuters)

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