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Sabic falls for the 6th consecutive trading session
- Saudi Arabia: Monday, September 24 - 2012 at 22:24
The long weekend thanks to Saudi Arabia's national day on Sept. 23 could not trigger new buying spirit at the Saudi Stock Exchange Monday as the market's lead index Tasi fell one percent to close at 6,960.65 points. News that Greece's amount of sovereign debt was much higher than reported earlier in the year triggered speculations that the Eurozone's largest countries German and France might lose their patience with Athens soon. In Riyadh, Saudi Basic Industries, the largest GCC firm by market capitalisation (according to MEED), was down 1.64% to end at SR90.00. Market breadth reflected ongoing uncertainty as 27 shares advanced while 199 securities declined.
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Gérard Al-Fil, Financial JournalistMonday, September 24 - 2012 at 22:24 UAE local time (GMT+4)
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This article was updated on Tue Sep 25 2012.
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