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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications