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Sabic shares back above SR70
- Saudi Arabia: Saturday, August 01 - 2009 at 17:41
Riyadh's Tadawul market closed slightly higher at 5,786.31 points (gaining 0.14%). Shares of market bellwether Saudi Basic Industries Corp (Sabic) closed above SR70.00 again (up 1.44% at SR 70.25), after they dipped over 15% amid declining oil prices during the month of July. Oil rallied on Friday, closing 3.61% higher at $69.50. Atheeb Telecom posted the largest day-loss (down 5.24% at SR19. Overall, the Tasi sector indexes ended mixed with no real trend emerging.
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Gérard Al-Fil, Financial JournalistSaturday, August 01 - 2009 at 17:41 UAE local time (GMT+4)
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