Arab bourses continue slide, but Saudi shares show signs of life
'High tension and panic are gripping the gulf stock markets'
By Agence France Presse (AFP)
Thursday, October 09, 2008
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Arab stock markets tumbled for the fourth day running on Wednesday but the Saudi bourse, the region's largest, rebounded strongly after a coordinated international rate cut. Concerns mounted about the impact of the global financial crisis on the oil-rich Gulf, where the region's seven stock markets lost more than $50 billion of capitalization in the latest rout. This Article is only available in The Daily Star on-line archive. Containing over 100,000 articles, The Daily Star archive is an excellent information source and research tool for all events in Lebanon and the region since 1997.
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 Tags: Bank, Beirut, Bill, Deputy, Dubai, Gulf, Kuwait, Saudi Arabia, World
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