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Local retail investors lead Gulf slide
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3 March 2011 |
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Gulf stock markets have been convulsed by a surge of selling by local investors who fear the unrest in the Arab world could spread to Saudi Arabia, the region's economic and political heavyweight.
Saudi Arabian stocks fell 3.9 per cent, the country's 13th consecutive session of losses, taking the benchmark index to its lowest level in almost two years. Dubai's benchmark index shed 3.5 per cent, to a seven-year low.
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Source: beta.thehindu.com |
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