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Tadawul index loses 0.14%
- Saudi Arabia: Saturday, June 27 - 2009 at 18:36
The Riyadh-based Saudi stock index Tadawul closed 0.14% lower at 5,601.19 points due to losses in the financial sector. According to bloomberg, the Saudi family holding company Al-Gosaibi whose Bahraini bank defaulted owes $9.2bn to more than 100 banks. Shares of Saudi American Bank (Samba) posted the largest loss today at the Riyadh Stock Exchange, falling by 4.97% to SR42.10. Gains in the real estate sector (up 2.54%) were not able to lift the KSA market which saw a weak turnover of around 178.9m shares changing hands.
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Gérard Al-Fil, Financial JournalistSaturday, June 27 - 2009 at 18:36 UAE local time (GMT+4)
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