Middle East Economic Survey
VOL. XLVII
No 22
31-May-2004
SAUDI ARABIA
CAPITAL MARKETS
Saudi Stocks Correct From Years All-Time High
Last week the Saudi Arabian stock market saw a sharp correction from the all-time highs it reached in mid-May amid panic-selling which forced many of the stocks to the 10% limit-down level. The benchmark Tadawul All Share Index (TASI) closed on 27 May down 4.4% on the previous day and 11.4% on the previous week at 5,114.05 points after slipping to 4,992.6 points, which...
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