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Ma'aden declines, shuts down phosphate plant for maintenance
- Saudi Arabia: Monday, January 28 - 2013 at 20:43
Trading remained muted at the Saudi Stock Exchange for the second day , which lost insignificantly Monday to close at 7,021.58 points, albeit bellwether share SABIC gained for the third consecutive day (up 0.27% at SR93.75). Saudi Arabian Mining Company or Ma'aden fell 1.16% to SR34. Ma'aden said in a statement to the Saudi bourse at its subsidiary Ma'aden Phosphate company will shut down its Dammonium Phosphate (DAP) plant located in Ras Al Khair city for maintenance. "The shutdown is due to seasonal lower demand for DAP," said Ma'aden.
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Gérard Al-Fil, Financial JournalistMonday, January 28 - 2013 at 20:43 UAE local time (GMT+4)
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