06:06 ET<\/span>
\n<\/span><\/p>\nStock markets across the Middle East have fallen again amid fears that civil unrest is spreading.<\/p>\n
Saudi Arabia’s share market, the region’s largest, fell 2.6% on Wednesday, following a 6.8% slide on Tuesday.<\/p>\n
Qatar’s stock index dropped 3.1%, Kuwait fell 2.9%, and Dubai 3.6%, sparking falls in European markets.<\/p>\n
“The news flow is negative. The uncertainty is there,” said an analyst at Dubai-based Al Mal Capital.<\/p>\n
The cost of insuring Saudi Arabia’s sovereign debt against default – an indicator of risk – rose 7 basis points to 1.43%.<\/p>\n
Saudi’s Tadawul share index has fallen 18% since the start of the year, even though the kingdom’s main revenue earner – oil – has risen in price.<\/p>\n
Investors are concerned that heightened tension in the region will fuel another oil price surge and threaten the fragile global economic recovery.<\/p>\n
‘Ripple effect’<\/span><\/p>\n“We are seeing a significant elevation in risk premiums, with investors revising their expectations for the region,” said Hashem Montasser, managing partner at Frontlane Capital, a Dubai-based asset management firm.<\/p>\n
He told the Reuters news agency: “Concerns about unrest in North Africa have now migrated to the Gulf, albeit in the smaller countries like Oman and Bahrain. <\/p>\n
“The fear is that there will be a ripple effect into other GCC (Gulf) countries, so there’s a lot of panic selling.”<\/p>\n
The price of Brent crude rose towards $116 a barrel on Wednesday, with CMC Markets analyst Michael Hewson warning that it could hit $120 within the next few days.<\/p>\n
The gold price, at $1,434.45 on ounce, is almost at a record high, while silver, at $34.74 an ounce, is at its highest since early 1980.<\/p>\n<\/p><\/div>\n<\/p>\n
Read more:
\nSaudi stock market falls further<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 2 March 2011 Last updated at 06:06 ET Stock markets across the Middle East have fallen again amid fears that civil unrest is spreading. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-286708","post","type-post","status-publish","format-standard"],"yoast_head":"\n
Saudi stock market falls further - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Saudi stock market falls further - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"2 March 2011 Last updated at 06:06 ET Stock markets across the Middle East have fallen again amid fears that civil unrest is spreading.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Saudi stock market falls further\",\"datePublished\":\"2011-03-02T11:06:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\"},\"wordCount\":284,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\",\"name\":\"Saudi stock market falls further - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-02T11:06:58+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Saudi stock market falls further - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/","twitter_card":"summary_large_image","twitter_title":"Saudi stock market falls further - Ghanamma.com","twitter_description":"2 March 2011 Last updated at 06:06 ET Stock markets across the Middle East have fallen again amid fears that civil unrest is spreading.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/"},"author":{"name":"","@id":""},"headline":"Saudi stock market falls further","datePublished":"2011-03-02T11:06:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/"},"wordCount":284,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/","name":"Saudi stock market falls further - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-03-02T11:06:58+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/02\/saudi-stock-market-falls-further\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/286708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=286708"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/286708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=286708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=286708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=286708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}