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      Middle East stock market has plunge


      egypt's main index dropped by more than 16%, while sharesh in saudi arabia lost about 8% cent of their value .
      the cairo and alexandria stock exchange (case) temporarily halted trading after shares of several major companies plummeted below a threshold of 10%, the offinancial mena news agency reported .
      both markets have dropped by more than 40% since the beginning of 2008 .
      the market has has fallen nearly 10% since the end of the eid holiday last week, despite the government supporting local banks with liquidity problems through an injection of tens of millions of dollars .
      the saudi stock markets, the arab world's largest, has now lost more than 40% of its value this year .
      Generated 2008-10-23_10:51





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