Saudi Stocks Make `Death Cross' for First Time Since 2007: Chart

Here’s the latest evidence that the rout in oil prices is taking a toll on the Saudi stock market. The 50-week moving average on the Tadawul All Share Index has crossed below the 200-week mean for the first time since the global financial crisis, forming a so-called death-cross pattern that signals the selloff in Riyadh over the last 12 months has been faster than in the past four years.

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