Saudi market lost 400 points yesterday
Saudi shares suffered heavy losses exceeded 400 points in trading on Saturday affected global climate of concern exacerbated by the debt crisis in Europe and reduce windstorm «Standard & Boozer» credit rating of the United States, in a sign of risk of economic recession threatening again.
According to the «Arab. Forum» The index of the market by more than 6% at mid-session 6025 points, its lowest level since March 15 last, amid enormous pressure from the petrochemical sector by 7%, which investors fear the shares be affected by a dramatic decrease in demand for products sector if the U.S. economy back into recession.
Saudi shares suffered heavy losses exceeded 400 points in trading on Saturday affected global climate of concern exacerbated by the debt crisis in Europe and reduce windstorm «Standard & Boozer» credit rating of the United States, in a sign of risk of economic recession threatening again.
According to the «Arab. Forum» The index of the market by more than 6% at mid-session 6025 points, its lowest level since March 15 last, amid enormous pressure from the petrochemical sector by 7%, which investors fear the shares be affected by a dramatic decrease in demand for products sector if the U.S. economy back into recession.
