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BREAKING --- RYAD Stock Exchange plunges 5.9% after S&P announcement

 
swissmate
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08/07/2011 01:46 AM
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BREAKING --- RYAD Stock Exchange plunges 5.9% after S&P announcement
The 147-company Tadawul All Share Index slumped 5.9 per cent to 6,041.01, the steepest intraday decline since March 1, at 12.41pm in Riyadh. All 15 industry groups fell. The index has fallen 11 per cent from the year-high of 6,786.03 on May 22.

[link to gulfnews.com]

A smell of black monday ahead...