2012-05-31 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Tadawul All-Share Index fell 0.82%. closing for the second time this week below 7,000, at 6,975.27 points. Oil prices (U. S. crude) fell to an 8-month low Wednesday, fluctuating below 89 U. S. dollar per barrel after Credit Default Swaps (CDS) on Spanish bonds increased sharply in value. CDS are used as an insurances against the default of a bond. The Euro fell below $1.24 for the first time since July 2010. In Riyadh, Sabic touched a five-month low at SR93.50 (off 0.86%). Jouf Cement and Southern Cement were the top gainers, ending up 3.41% and two percent, respectively. Only 18 shares advanced out of 151 securities traded, while 122 declined.  

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