Saudi Shares Drop to Four-Month Low, Led by Sabic, Al-Rajhi; Arab Stocks

(Bloomberg) -- Shares in Saudi Arabia fell to their
lowest in more than four months, led by Saudi Basic Industries
Corp. and Al-Rajhi Bank.

The Tadawul All Share Index fell 152.18, or 2.2 percent, to
6922.33 as of 12:10 p.m. in Riyadh. The index earlier reached
6,893.86, the lowest since Jan. 30. The benchmark has dropped
almost 13 percent this year, the third-worst performing index
among 90 tracked worldwide by Bloomberg.


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