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2 august 2015
Saudi Stocks Slip Most in 4 Months as Oil Drop Hits Gulf Markets / Bloomberg
Saudi Arabia’s stocks fell the most since March, leading declines across equity markets in the six-nation Gulf Cooperation Council, after crude slid to a six-month low.
The Tadawul All Share Index slipped 3.2 percent, its biggest retreat since March 25, to 8,807.24 at the close in Riyadh. Saudi Basic Industries Corp. tumbled 4.1 percent to the lowest level in more than three months. The QE Index in Qatar, home to the world’s third-largest natural-gas reserves, dropped 1.1 percent.