Tadawul market lacks of impulses

04 October 2010

The Saudi Stock Exchange's benchmark index Tasi ended 0.39% lower to close at 6,395.49. Bellwether Sabic lost 1.37% to finish at SR89.75. Sabic and partner firm Saudi Arabian Mining , also known as Ma'aden, plan to produce around one million tonnes of phosphates next year at a joint venture plant in Ras Al Zour, the Saudi Gazette has reported. Shares of Ma'aden added 1.60%, ending at SR22.25. Real estate developer Dar Al Arkan dipped 1.49% to close at SR9.90. According to a survey done by Jones Lang LaSalle, developers expect a 12% in the real estate market in KSA for 2010, the highest yield expectation in the GCC and an increase of 1.21% over the previous year.

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.