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DUBAI, Jan. 7 (Xinhua) -- Gulf Arabian stock market indexes lost across the board Thursday after the Chinese currency yuan hit a five-year low and the oil price touched an 11-year low.

The Saudi Arabian stock market index Tadawul All-Share plummeted 4.49 percent, finishing at 6,225.22 points amid an advance-decline ratio of four to 162.

The oil price rebound on Saudi-Iranian tensions at the beginning of the week were short-lived with the barrel (159 liter) oil losing 3.2 percent earlier in the day, touching an 11-year low at around 32 dollars (Brent).

Due to the oil price slump Cheap Jerseys China Wholesale , the IMF predicts that the Saudi GDP growth rate would decline to 2.2 percent in 2016, down from 3.4 percent last year.

Before Arab markets opened on Thursday, the yuan's central parity rate lost 332 basis points to 6.5646 against the U.S. dollar, the lowest level since March 18, 2011, according to data from the China Foreign Exchange Trading System (CFETS).

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