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Tadawul market dips slightly
- Saudi Arabia: Wednesday, August 05 - 2009 at 17:58
Riyadh's Tadawul exchange lost 0.16%, closing at 5,769.99 points in one of the lowest turnover sessions this year. Saudi Steel Pipe Co. dipped 0.60% lower, closing at SR33.30 after the firm jumped 40% on its debut yesterday. Al Ahli Takaful Company soared 9.89% and ended at SR17.50, followed by top gainer number two Saqr Insurance (up 6.69% at SR4.00). KSA is currently liberalising its insurance law, triggering a massive inflow of new market players and higher underwriting turnover in the kingdom.
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Gérard Al-Fil, Financial JournalistWednesday, August 05 - 2009 at 17:58 UAE local time (GMT+4)
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