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Article: Tadawul Falls on Sabic, Al Rahji Losses.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- March 8, 2009
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Summary: DUBAI - Saudi Arabian shares declined, led by Saudi Basic Industries Corp., the worldAEs biggest chemicals maker by market value, and Al Rajhi Bank.
The Tadawul All Share Index fell 0.7 per cent to 4,316.91 in Riyadh, increasing this yearAEs drop to about 10 per cent. The measure lost more than half its value last year as oil prices dropped.
Saudi Basic Industries, or SABIC, fell 3 per cent to 35.8 riyals, the lowest close in more than five years. Al Rajhi Bank, the countryAEs largest bank by market value, fell 1.1 per cent to 45.1 riyals, the lowest in more than ...