Tadawul market loses on weak petrochemicals

03 July 2010

The Saudia Arabian stock market started the second half of 2010 with a loss of 0.98%, closing at 6,033.91 points. Petrochemicals were once again weighing on the GCC lead index, which saw a modest decline of 0.46 during the first six months 2010. Market bellwether Sabic weakened 2.04% at SR84. Oil price declined 1.94% during the last four weeks and are currently trading between $72 and $73. The Saudi Stock Exchange announced on Saturday that Ghazi Ibrahim Shaker Co. has been included to Tadawul indices as the stock close price on Wednesday June 30 2010.

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