RIYADH, Nov 15: Saudi share prices fell by nearly three per cent on Saturday, the first trading day of the week.

The Tadawul All-Shares Index (TASI) dropped 2.87 per cent to 5,327.81 points, with the key petrochemicals sector down by 2.87 per cent and market leader SABIC losing 2.9 per cent of its value.

In the past three months SABIC stocks have plunged 55 per cent.

The banking sector was also down 3.05 per cent as trading opened, with all other sectors in the red except for hotels and tourism.

The TASI had finished the week’s trading on Wednesday down almost 10 per cent and is 48.6 per cent lower on the year. It fell 25.8 per cent in October.

Other stock markets in the Gulf trade from Sunday through Thursday.—AFP