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Saturday, November 28 - 2009

Saudi Tadawul up 9.8%

  • Saudi Arabia: Thursday, November 06 - 2008 at 09:48

After sharp fluctuations, Tadawul has ended its week up by 9.8% at 6.083 points. Tadawul continued to get pressured by Sabic which closed 3.5% down after the company announced that it will slash the prices of raw materials used in plastic industry.

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Other related shares like Kayan also fell by 1.1%, Petrorabigh by 2.2%, while Al lujain rose by 5.4% after the company announced the commencement of its production at the Yanbu facility.

Saudi telecom shares fell by 2% despite the positive report by Hermes which recommended buying the share, while Zain declined by 1.7% and Mobily closed unchanged.
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