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Tadawul market breaks the ranks despite bullish presettings from Asia
- Saudi Arabia: Wednesday, September 19 - 2012 at 19:00
The Tadawul All-Share Index closed 0.68% lower at 7,057 Wednesday, despite the positive input from Japan's central bank which followed the Fed's easing policy. The gauge's fall was bright as 17 shares advanced, while 123 declined. Oil prices fell for the second day after Saudi Arabia said it would increase domestic production as the recent surge of the "black gold" was not justified. Sabic fell the fourth day straight, closing off one percent at SR92.50. Gulf Union Cooperative Insurance Company declined 1.13% to SR26.20. Earlieri in the day, the insurer said that it has received temporary approval for six months from the Saudi Arabian Monetary Agencys to sell and market twenty one Insurance products.
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Gérard Al-Fil, Financial JournalistWednesday, September 19 - 2012 at 19:00 UAE local time (GMT+4)
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