Middle East Economic Survey


No 10


MEES Agenda

Saudi Stocks Plunge As Protest Fears Eclipse Buoyant Oil Price

Stocks tumbled in Saudi Arabia last week as investors, spooked by protests taking place across the region, ran for the exits. The benchmark Tadawul All-Share Index (TASI) ended on 2 March down a sharp 15% from the previous weeks close at 5,323.27 points, which is the lowest level seen in almost two years. Around $57bn in value has been wiped off shares traded on...