Saudi stocks tank on oil's fall, recession fears
Saudi Arabian stocks tumbled on Saturday, tracking a drop on world markets, as investors worried that an oil price fall and possible global recession would hit growth of companies in the world's top oil exporter. The benchmark of the largest Arab bourse .TASI was down 9.52 percent at 5,572.01 points at 5 a.m. EDT, a day after bourses around the world plummeted as investors, fearing a long and deep worldwide recession, dumped risky assets.
effect of forex speculation on economy
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