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Article: US rescue plan to have positive impact on markets.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- September 28, 2008
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Byline: Khalil Hanware & Abdul Jalil Mustafa
(Date; 2008.09.27)
JEDDAH/AMMAN: Saudi shares plunged for the fourth week in a row last week, bringing to about 20 percent the total loss of the Saudi stock exchange in a month.
The Tadawul All-Share Index (TASI) shed 3.44 percent last week, closing at 7,133.47 points. TASI is currently 35.38 percent lower than the year's start.
The stock market turnover also fell to SR15.86 billion last week compared to SR22.64 billion in the previous week.
Alujain Corp. was the top gainer last week as its shares jumped 13.26 percent to SR29.90.
The insurance companies suffered badly last ...