Saudi stock market drops 6.5-percent amid Egyptian unrest

By Agence France-Presse
Saturday, January 29, 2011 10:47 EST
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RIYADH – The Saudi stock market, the largest Arab bourse, dropped 6.43 percent to 6267.22 points on Saturday as tensions soared in Egypt where deadly anti-government protests continued for a fifth day.

The market has been gripped by severe anxiety because of the events in Egypt, traders in Saudi Arabia told AFP, expressing fears that other Gulf markets, due to open on Sunday, will be similarly affected.

The Saudi Tadawul Index, the most capitalised Arab bourse, lost 430.58 points to close at 6267.22 points.

Shares in the petrochemical sector leading the Saudi market fell 8.37 percent, while losses in the banking and financial sector were down by four percent. The real estate sector fell by 6.64 percent.

Agence France-Presse
Agence France-Presse
AFP journalists cover wars, conflicts, politics, science, health, the environment, technology, fashion, entertainment, the offbeat, sports and a whole lot more in text, photographs, video, graphics and online.
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  • Anonymous

    Aha!!! I was wondering why Obama looked so nervous!

  • http://profiles.yahoo.com/u/EHJJXSTSSOCXLTSQBUVIDYUF7M Dave

    Good.

    Hey CNBC , things are more complicated than the simplistic analysis from your brain dead talking heads make it out to be.

  • http://www.youtube.com/user/RepublicConstitution?feature=mhum TruthRegimes

    Saudi Arabia is one of the worst human rights’ violators on the planet but Bush would bow to them and hold their hands. http://republicconstitution.blogspot.com/

  • http://www.youtube.com/user/RepublicConstitution?feature=mhum TruthRegimes
  • http://www.youtube.com/user/RepublicConstitution?feature=mhum TruthRegimes
  • http://www.youtube.com/user/RepublicConstitution?feature=mhum TruthRegimes
  • http://topsy.com/www.rawstory.com/rs/2011/01/saudi-stock-market-drops-65percent-egyptian-unrest/?utm_source=pingback&utm_campaign=L2 Tweets that mention Saudi stock market drops 6.5-percent amid Egyptian unrest | Raw Story — Topsy.com

    [...] This post was mentioned on Twitter by Rob, The Raw Story, Nika B, Jamie York, Mike Dolan and others. Mike Dolan said: $$ Saudi market falls hard http://www.rawstory.com/rs/2011/01/saudi-stock-market-drops-65percent-egyptian-unrest/ [...]

  • http://twitter.com/btmfdrsheaven rebecca meritt

    Take the money and RUN!

  • http://twitter.com/btmfdrsheaven rebecca meritt

    Take the money and RUN!

  • http://twitter.com/btmfdrsheaven rebecca meritt

    Take the money and RUN!

  • Anonymous

    you know all those aliens everyone claims are out there? i bet you they are sitting in their warm little spaceships, watching us primitive and stupid humans destroying the planet and laughing their asses off (assuming they have asses).

  • Anonymous

    you know all those aliens everyone claims are out there? i bet you they are sitting in their warm little spaceships, watching us primitive and stupid humans destroying the planet and laughing their asses off (assuming they have asses).

  • Anonymous

    you know all those aliens everyone claims are out there? i bet you they are sitting in their warm little spaceships, watching us primitive and stupid humans destroying the planet and laughing their asses off (assuming they have asses).

  • http://twitter.com/Covert4Liberty Brimstone Hill

    It’s time to bring all these greedy dictatorships to their knees

  • http://twitter.com/Covert4Liberty Brimstone Hill

    It’s time to bring all these greedy dictatorships to their knees

  • http://twitter.com/Covert4Liberty Brimstone Hill

    It’s time to bring all these greedy dictatorships to their knees

  • Anonymous

    Good. Let the rich, emotionally disconnected pricks feel it in the wallet where it hurts.

    Perhaps then they’ll realize they aren’t the only people in the world who have needs and rights. There’s a whole other 99% out there and some are starting to get hungry for some real change.

  • Anonymous

    Good. Let the rich, emotionally disconnected pricks feel it in the wallet where it hurts.

    Perhaps then they’ll realize they aren’t the only people in the world who have needs and rights. There’s a whole other 99% out there and some are starting to get hungry for some real change.

  • Anonymous

    Good. Let the rich, emotionally disconnected pricks feel it in the wallet where it hurts.

    Perhaps then they’ll realize they aren’t the only people in the world who have needs and rights. There’s a whole other 99% out there and some are starting to get hungry for some real change.

  • Anonymous

    Yahoo Crude futures–

    Crude Oil Mar 11,2011 $89.34/barrel as of Jan 28 $3.70 (+4.32%)
    Crude Oil Dec 19,2011 $99.60/barrel as of Jan 28 $0.85 (+0.86%)

    Either way, up or down, WS profits, as they always have a vested informational interest in the outcomes of these world events, good or bad.

  • Anonymous

    Yahoo Crude futures–

    Crude Oil Mar 11,2011 $89.34/barrel as of Jan 28 $3.70 (+4.32%)
    Crude Oil Dec 19,2011 $99.60/barrel as of Jan 28 $0.85 (+0.86%)

    Either way, up or down, WS profits, as they always have a vested informational interest in the outcomes of these world events, good or bad.

  • Anonymous

    Yahoo Crude futures–

    Crude Oil Mar 11,2011 $89.34/barrel as of Jan 28 $3.70 (+4.32%)
    Crude Oil Dec 19,2011 $99.60/barrel as of Jan 28 $0.85 (+0.86%)

    Either way, up or down, WS profits, as they always have a vested informational interest in the outcomes of these world events, good or bad.

  • Anonymous

    I wonder what it will be after THEIR revolution.

  • Anonymous

    I wonder what it will be after THEIR revolution.

  • Anonymous

    I wonder what it will be after THEIR revolution.

  • Anonymous

    And without a doubt if the ME explodes into chaos the price of oil is gonna skyrocket.
    Things are getting interesting, many other countries in that region are about to explode into at least huge protests.

  • Anonymous

    And without a doubt if the ME explodes into chaos the price of oil is gonna skyrocket.
    Things are getting interesting, many other countries in that region are about to explode into at least huge protests.

  • Anonymous

    No doubt. And WS is “banking” on all of it as we speak (in more ways than oil futures, but always in an indefinite symbiotic and progressively dominant fashion. The WS “house” will always and forever win in these matters, no matter the outcomes, up or down, good or bad.)

  • Anonymous

    No doubt. And WS is “banking” on all of it as we speak (in more ways than oil futures, but always in an indefinite symbiotic and progressively dominant fashion. The WS “house” will always and forever win in these matters, no matter the outcomes, up or down, good or bad.)

  • Anonymous

    Oops … guess who business fear will be the next regime to fall? Maybe another “friend” of US to fall because the population wants democracy.

    And Saudi has been the favourite location to flee for disposed dictators. Now they have to find a new friendly harbour.

  • Anonymous

    They would be smart to ban books on the French Revolution!

  • http://www.hottospot.com/2011/01/30/politics/israeli-saudi-and-american-leaders-say-arabs-are-not-ready-for-democracy/ Israeli, Saudi and American Leaders Say Arabs Are Not Ready for Democracy | Hot to Spot

    [...] that could grow across the world.” [And the Egyptian situation is already affecting the Saudi stock market.]***“One of the lessons here is that we need to be on the right side of history in these [...]

  • http://mikechamberslive.com/?p=11218 Saudi stock market drops 6.5-percent amid Egyptian unrest

    [...] Saudi stock market drops 6.5-percent amid Egyptian unrest | Raw Story. Share and [...]

  • http://www.neurosoftware.ro/finance/insurance/stock-market/israeli-saudi-and-american-leaders-say-arabs-are-not-ready-for-democracy/ Israeli, Saudi and American Leaders Say Arabs Are Not Ready for Democracy « Finance Blog

    [...] that could grow across the world.” [And the Egyptian situation is already affecting the Saudi stock market.] [...]