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Saudi stocks trim their losses

Posted on 09 December 2008

From Arabnews.com: The Saudi stock market last week trimmed its losses incurred over the past weeks mainly in response to remarks by Custodian of the Two Holy Mosques King Abdullah that the Saudi economy was still “strong” and that there was nothing to worry about.

The Tadawul All-Share Index (TASI) gained 5.21 percent last week, closing at 4,654.88 points. The TASI is currently 57.83 percent lower than the year’s start….. Full Article: Source

 
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