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Lackluster Saudi bourse sheds 0.61%
- Saudi Arabia: Sunday, September 02 - 2012 at 17:52
The Tadawul-All Share Index fell 0.61% to 7,090.90 Sunday amid dull trading turnover. After the gauge hit a four-month high in mid-August, the gauge has shown some form of exhaustion, mirroring the state of the kingdom's economy. Earlier in the day, Riyadh-based Jadwa Investment said that "Latest KSA data point to a modest slowdown of economic activity in July, with indicators of consumer spending and PMI slowing on the back of a seasonal trend. the healthy underlying economic momentum remains in place." Market bellwether Sabic ended off 1.35% at SR91.25. Allianz Saudi Fransi Cooperative Insurance Company posted the largest gain, closing 10% higher at SR93.50.
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Gérard Al-Fil, Financial JournalistSunday, September 02 - 2012 at 17:52 UAE local time (GMT+4)
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