Saudi market starts strongly, loses steam

27 June 2010

Despite robust oil prices approaching the level of $80 per barrel, the Saudi Arabian Tadawul exchange ended 0.55% at 6,318.16 points amid a weak performing petrochemical sector. Market bellwether Sabic lost 1.09%, closing at SR90.50. Gulf General Cooperative Insurance Company jumped 10% and finished at SR30.80.

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