All-share index drops 1.6%, dragged down by the petrochemicals sector amid fall in oil prices
For all the latest market 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.
Saudi shares fell to a low of more than two weeks,
dragged by the petrochemicals sector following record drops in
The all-share index dropped 1.6 percent to 6,578
points, its lowest level since April 20.
Petrochemicals giant Saudi Basic Industries Corp (SABIC) fell 2.9 percent, and the sector index closed three percent lower.
The banking sector index lost one percent.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.