Economics
Saudi Shares Reach Four-Month Low on Below-Estimate U.S. Growth
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Saudi Arabian shares dropped to the lowest level since March after U.S. economic growth missed economists’ forecasts and Moody’s Investors Service said it may cut Spain’s credit rating.
Saudi Basic Industries Corp., the world’s biggest petrochemicals maker, reached its lowest price in almost five weeks. Etihad Etisalat Co. and Al Rajhi Bank, the kingdom’s largest publicly traded lender by market value, declined.