Saudi Arabia: the week which comes announces badly

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In these times of crisis, all the indicators are good to take. If one believes the stockmarkets of the Arab world of them, the prospects are far from being reluisantes.

At the first day of a new week of transactions, the Saoudi financial market, value test of the sector, had lost Saturday more than 9% at the beginning of meeting, posting its low level for 4 years.

The index Tadawul All-Shares Index (TASI) lost 9,55% to 5.572 points, half an hour after having opened on a loss from some 8,3% to 5.644,96 points.

Not very amusing elements: all the sectors seem touched, posting a color of a red well little engaging. Petrochemistry and the banks even lost 9,7% each one, Saoudi firm SABIC, the heavy lorry of petrochemistry, giving up for its part 9,5%.

Several company with dimensions showed losses up to 10%, the maximum threshold authorized by the law.

Index TASI had finished last week on a retreat from 10,2% to 6.160,80 points.


Let us recall that Riyadh Stock Exchange was closed Friday, day marked by a new wave depression on the principal world stock exchange places.

The place is open Saturday to Wednesday while the Stock Exchanges of other monarchies of the Gulf are active Sunday at Thursday.( Finance Information City )