Saudi Stocks Decline Most in World as Rebels in Yemen Advance
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Saudi Arabian stocks dropped the most in more than three months, leading regional markets lower, after forces loyal to Yemen’s Shiite Muslim rebels edged closer to the stronghold of Saudi-backed President Abdurabuh Mansur Hadi.
The Tadawul All Share Index was the world’s worst performer among more than 90 measures tracked by Bloomberg after it fell 5 percent to close at 8,868.12, the steepest loss since Dec. 16. The Bloomberg GCC 200 Index, a gauge of the Gulf Cooperation Council’s top 200 equities, also dropped the most in more than three months. Forces loyal to the president collapsed as rebels moved deeper into the south toward the port city of Aden.