Tadawul bourse loses insignificantly

24 November 2010

The Saudi Stock Exchange's Tasi composite ended 0.07% lower Wednesday, closing at 6,291.3 points. Shares of Middle East Specialized Cables Co. bucked the fickle trend by ending 2.95% higher at SR15.70. Saudi Arabia, which currently has a 38% share of the total construction projects in the region, is expected to launch contracts worth $86bn in 2011, according to MEED research. Saudi Arabian Mining Company lost 3.60%, ending at SR21.40. The stock gained over 40% between May and Ocotber 4, when it topped out at SR23.45.

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