Saudi Tadawul market dips a quarter percent

16 August 2010

The TASI-Index ended on Monday at 6,158.04 points (off 0.24%), despite oil prices stabilising around $75 per barrel. Little trading movements were seen as 21 shares stocks ended flat and just 64.9m shares changed hands. Aldrees Petroleum and Transport Services Co. posted the largest advance, ending four percent higher at SR46.30. As at most GCC bourses, no clear direction was seen among the sector indices, while investors prefer to stay on the sidelines before the US will publish the producer price index on Tuesday, August 17.

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