Complex Made Simple

Saudi Tadawul market dips 0.68%

The Saudi Arabian Tadawul bourse declined 0.68% to 6,501.25 points. Bellwether Sabic dipped 0.73% and closed at a three-month low at SR102.00. Shares of The Saudi Arabian Mining Company, known as Maaden, closed unchanged at SR27.50. Earlier today Maaeden, announces that Maaden Phosphate Company (MPC) yesterday (Friday 17th, 2011) has started initial production from the first production lines of Sulphuric Acid, Phosphoric Acid for captive use and Diammonium Phosphate Fertilizer (DAP) the finished product at its production complex in Ras Az Zawr. The production rate will be increased as the other producing lines commence operation. Only 35 shares gained, 91 lost and 19 ended even.