Tadawul exchange loses a quarter percent

13 June 2010

Saudi Arabia's stock market Tadawul started with modest gains but failed to sustain its advances and ended 0.25% lower at 6,262.56 points. Energy shares suffered from profit taking with market bellwether Sabic plummeting 4.30% to SR89.00. The banks and financial services sector index (up 1.30%) bucked the downtrend after Saudi Arabia's bank bellwether National Commercial Bank (NCB) has said that lending in the kingdom may grow 8% in 2010, according to Bloomberg.

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