Saudi Stock Exchange drops by 2.5% over the week
- United Arab Emirates: Thursday, September 27 - 2012 at 09:21
The Tadawl All-Share Index fell 1.40% to close at 6,878.72 Wednesday, finishing the last trading week of September with a loss of 2.5% amid a flow of negative news from the Euro zone debt crisis. Shares of Sahara Petrochemicals dived 2.20 to close at SR13.40. Earlier in the day, the firm said it has completed the signing of a three-year standby medium-term revolving credit facilities agreement with Riyad Bank (down 1.10% at SR22.75) in an amount of SAR 500 million. The purpose of the facility is to provide standby support for the companys financial requirements with respect to working capital and the needs of the companys projects and future investments.
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