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Malaika’s father tragically took his own life by jumping from the terrace of his home
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Saudi Shares Drop 4.1 Per Cent
DUBAI — Saudi Arabia’s benchmark stock index fell by the most in more than a week, led by Alinma Bank and Saudi Basic Industries Corp., the Middle East’s biggest publicly traded petrochemicals company.
The Tadawul All Share Index dropped 4.1 per cent to 4,705.44 in
Alinma Bank, the start-up Saudi Arabian Islamic bank that raised $2.8 billion in an April stock offering, fell 2.2 per cent to 11.30 riyals. Saudi Basic Industries, or Sabic, declined 6.8 per cent to 55 riyals.
Crude oil for January delivery fell 6.5 per cent on Friday, capping the biggest weekly drop since the Gulf War in 1991, as rising stockpiles in
Arab National Bank, the bourse’s top loser, fell 8.8 per cent to 30.20 riyals.
The Saudi bourse is the only Arab exchange monitored by Bloomberg open on Saturdays.
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