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Tadawul bourse, market breadth bounce back
- Saudi Arabia: Saturday, November 24 - 2012 at 18:25
The oversold Saudi Stock Exchange reagained 0.84% Saturday, endig a 10-day losing streak to close at 6,665.4 points. SABIC, the petrochems leader edged up 0.85% to reach SR89.00. Earlier in the day, SABIC said with reference to its announcement on Aug. 8th 2012 regarding its intention to shut down one production unit of the ethylene glycol plant to carry out the regular maintenance and some repairs starting the beginning of September, 2012 for about ten weeks, that on Thursday the 22nd of Nov, 2012 the maintenances and repairs have been completed. The units was restored back to normal operation. "The temporary shutdown will not have a material impact on the company result," said SABIC in a statement to the Tadawul bourse. 132 out of 155 traded shares advanced while 32 securities declined in value.
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Gérard Al-Fil, Financial JournalistSaturday, November 24 - 2012 at 18:25 UAE local time (GMT+4)
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