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Saudi stocks plunge 9.2% to 5-year low on oil price weakness
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Business Intelligence Middle East
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November 23, 2008
SAUDI ARABIA. The stock market in oil producing Saudi Arabia shed more than 9% of its value on Saturday and closed at its lowest level in almost five years after crude oil prices closed below US$50 dollars on Friday. The Tadawul All-Shares Index (TASI) plunged 9.2%to close at 4,431.57 points, the lo...
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