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Profit booking at Saudi insurers weighs on market index
- Saudi Arabia: Wednesday, October 03 - 2012 at 17:56
The Tadawul All-Share Index dipped 0.13% to close at 6,887.29 points. ACE Arabia Cooperative Insurance Co. lost the most, ending off seven percent at SR159. Five out of the six top losing shares were insurers on Wednesday, as the sector has been the best performing segment year-to-date. Gains at petrochemical leader Sabic (up 0.30% at SR91.50) failed to support the market. Trading volumes were low. 50 shares advances, while 82 stocks declined in value.
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Gérard Al-Fil, Financial JournalistWednesday, October 03 - 2012 at 17:56 UAE local time (GMT+4)
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