Saudi shares close lower after oil hits 18-month low
Saudi stocks closed lower on Saturday, dragged down by losses in petrochemical and banking sectors.
The all-share ended 0.9 percent lower at 6,774 points and the petrochemical index ended 0.8 percent lower at 5,964 points.
Petrochemical giant Saudi Basic Industries Corp (SABIC) closed 0.5 percent down.
The banking index slipped 0.9 percent to 15,417 points, dragged down by losses in heavyweight Al Rajhi Bank which fell 0.7 percent.
Brent oil futures hit an 18-month low on Thursday before rebounding to settle at $90.98 a barrel on Friday, a fall of 6.8 percent over the week.
US shares slipped more than 2 percent on Thursday, the second-worst fall of the year, before gaining slightly on Friday.
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