Saudi stocks lose 3% (AFP)

RIYADH (AFP) – Saudi stocks fell three percent on Saturday as the slowing economy in the oil superpower and global economic stress continued to dampen investor sentiment.

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Petrochemicals giant Sabic lost 3.84 percent to close at 56.25 riyals (15.00 dollars), after trading as low as 54.75 riyals. Developer Emaar fell 7.27 percent to 2.42 riyals (65 cents), while a buoyant profits report pushed Alinma bank shares higher by 3.41 percent to close at 12.1 riyals (3.23 dollars).

Full Story: Saudi stocks lose 3% (AFP)