Publication Date:
Sun, 2012-05-06 02:29
The index fells to its lowest close since April 16, as the petrochemical sector benchmark dropped 1.5 percent and the banking index declined 1.4 percent.
The Tadawul All-Share Index dropped 1.27 percent to close at 7,450.26 points.
Saudi Basic Industries Corp. (SABIC) and Al-Rajhi Bank are down 1.7 percent and 1.3 percent respectively.
Global stocks swooned and crude oil tumbled on Friday after a weak US jobs report and data that suggested a deeper recession across the euro zone than previously thought dented sentiment.
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