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no, its closed on the weekends and on holidays such as new years day, this means in 2010 the market should open on the 4th of janurey as first day of trading (new years was a Friday, followed by the weekend (as every Friday is!) thus giving the traders a three day rest, getting them ready for the new year!)
hope this helps
One answer is the Saudi Stock Market which fell 6.4% on Saturday 1/29/11.