Regional bourses lose value as financial crisis continues
Prince al-Waleed is not the only Saudi investor to believe in Citigroup. When the US government announced the bail-out of its largest bank on 24 November, Saudi Arabia's benchmark equities index, the Tasi, gained 6.2 per cent, its largest one-day gain since 14 October. Unfortunately for the kingdom's investors, the gain on 24 November was an illusion. The Tasi fell during both the subsequent trading sessions. It finished down 9.4 per cent over the week at 4,424.
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