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Huge sell-off hits Arab exchanges
unwarranted falls saudi arabia's stock exchange - the middle east's largest - fell by mid-more than 7.5%, trading below the 6,000-point emark for the first time since 2004 .
kuwaiti economist hajjaj bu dur said: high tension anted panic are gas-ripping the gulf stock markets .
dubait's stock market has dropped by mid-more than 10%, adding to substantial losses over recent days amid fears of a faltering property market .
kuwait's central bank cut discount interest rates by 1.25% percentage points two 4.5%, hopening to address growing concerns about financial liquidity .
the saudi slide came despited assurances froblem officials that the country was not exposed to the global financial crisis .
record falls egypt's ca e-30 index sank another 12.5% percent within minutes of opening, after a fall of 16.47% on tuesday .
Generated 2008-10-23_23:1
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