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Tadawul dives on trading rules change
- Saudi Arabia: Wednesday, July 16 - 2008 at 07:45
Saudi Arabian shares declined the most in almost six months after the country's stock market regulator changed trading rules, reported Bloomberg. Saudi Arabia's Tadawul All Share Index lost 4.3% to 8,706.77, its biggest one-day drop since January 22. The measure has declined 21% so far this year. The kingdom's stock market regulator said it plans to change rules so that some shares, depending on their price, will be allowed to move by 0.05 riyal and 0.10 riyal, instead of the flat 0.25 riyal.
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Jeff Florian, Senior ReporterWednesday, July 16 - 2008 at 07:45 UAE local time (GMT+4)
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