Saudi shares slump almost 8 pct at opening

RIYADH - The Saudi stock market, the largest in the Middle East, dived 7.8 percent at the opening of trade on Wednesday, following two days of impressive gains.

By (AFP)

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Published: Wed 15 Oct 2008, 3:28 PM

Last updated: Sun 5 Apr 2015, 2:19 PM

Minutes after opening, the Tadawul All-Shares Index (TASI), which had rebounded 17.5 percent in the past two days, dropped by more than 500 points and was trading around 6,300.00 points.

All 15 sectors dropped, with the leading petrochemicals and banks sectors shedding more than seven percent.

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