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Closing bell: TASI tanks 159 points as oil slide sparks selloff

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 158.67 points or 1.55 percent to close at 10,048.50 on Wednesday as Brent crude fell 4 percent, hitting its lowest in over a year. The contagion took off after Saudi National Bank, Credit Suisse’s largest shareholder, pulled the plug on its financial assistance to the beleaguered investment bank, citing regulatory ....

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