Saudi shares lose across the board

11 August 2010

With 129 losers and only six gaining shares, the Tadawul bourse ended 1.21% lower at 6,187.97 points. Comments by the U. S. Fed that the much anticipated economic recovery will be more modest than expected, triggered profit bookings worldwide. Shares of market bellwether Saudi Basic Industries Corporation (Sabic) ended 1.71% lower at SR86. Knowledge Economic City (KEC, off 6.50% at SR9.40), the third of KSA's six Econmic Cities launched in 2006, landed at the bottom of the Tadawul charts in Riyadh.

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