Saturday 10, May 2008 by Mike Gallagher

Bearish Tadawul continues slide on Saturday

The Saudi stock market continued to head south on Saturday as the Tadawul fell 2.75 per cent to close at 9502.96.  The financial sector led the fall and it was headed by Arabian Shield Cooperative Insurance Company which was down by 9.02 per cent at SAR 30.25. Hot on its heels with a drop of 8.08 per cent was Middle East Specialized Cables Co and Saudi Arabian Cooperative Insurance Company which fell by 7.75 per cent.

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