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Tadawul market loses 1.70%, Bank Al Jazira dives 3 percent
- Saudi Arabia: Saturday, October 13 - 2012 at 17:31
The Tadawul All-Share Index fell 1.70% to 6,682.47 points Saturday amid a very negative advance-decline ratio. Oil prices failed to crack an old resistance level at $92 (U. S. crude) for the fourth time within a month last week, weighing on the sentiment in Riyadh. Bellwether share Sabic ended 1.12% lower at SR88.25. Bank Al-Jazira plummeted 3% to close at SR23.35. Earlier in the day, the Islamic financial institution said its net income during the 3rd quarter was SR130m, representing a 97% increase year-on-year. Compared to the previous quarter the result stagnated. Thirteen shares advanced, while 138 declined in value.
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Gérard Al-Fil, Financial JournalistSaturday, October 13 - 2012 at 17:31 UAE local time (GMT+4)
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This article was updated on Sun Oct 14 2012.
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