Saudi Arabia Tadawul all them share Index decreased 4 1pc with 6,419.89 by Saudi lunchtime.
Market in Saudi Arabia, where the beginning of the work week is Saturday, was the first to respond to violence in Egypt and in the fall of the TASI offers a window on the forceful potential that would emerge when other regional markets reopen Sunday.
"Fall is due to a feeling about what is happening in Egypt and in the United States because the index Dow Jones declined", Friday, said John Sfakianakis, Chief Economist, Riyad Bank Saudi Fransi-Credit Agricole Group.
"You have some collateral damage linked to investors... which are exposed in Egypt and strive to only cover the exhibition through the sale of their positions in Saudi Arabia,"he says."
Tens of thousands of demonstrators met the riot police Friday, the fourth day of violent demonstrations in Egypt. The demonstrators demanded Mubarak eviction and measures to deal with overwhelming poverty in the country, corruption and the growing disparity in income distribution.
The riots - inspired by similar events in Tunisia, two weeks earlier - prompted Mubarak, who decided the most populous Arab nation since 30 years, asked his cabinet resign. But this movement seems unlikely to significantly alleviate the wrath of the Egyptians who say that the leader of 82 years is cruelly their daily lives.
Sent violence index tumbling Egyptian reference nearly 17% over two days, and analysts expect that violence Friday will be another plunge on the Egyptian Exchange and waving in other regional markets.
"The momentum is there, said Sfakianakis, predicting as regional markets drop."
"There is no reason to expect the Saudi market to go up the general feeling is predatory and wait and see rather than the sale and the buy it now", he said.
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