Saudi Arabian Shares Drop Fourth Day on Oil Slump; Qatar Gains
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Shares in Saudi Arabia retreated for a fourth day as some investors speculated that declining oil prices may hurt OPEC’s biggest producer. Qatari stocks advanced.
The Tadawul All Share Index lost 1.3 percent to 9,553.81, the lowest close in a month. Saudi Basic Industries Corp., among the world’s largest petrochemicals producers, fell 1.6 percent, and Al Rajhi Bank declined 1.7 percent. Qatar’s QE Index added