ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 21:56 UAE time

YOUR DIRECTORY /

| Share |

Saudi shares end lower after 10-day rally

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 03 October 2009
STOCK WATCH: The petrochemical and banking and financial indices lost 1.5 percent each. (Getty Images)
STOCK WATCH: The petrochemical and banking and financial indices lost 1.5 percent each. (Getty Images)

Heavyweight petrochemical and banking stocks led Saudi shares to their first negative close in 11 sessions as the market gears up for the announcement of quarterly earnings.

The all-share TASI index closed 0.9 percent lower at 6,265 points after accumulating gains of 10.7 percent over the previous ten sessions.

The petrochemical and banking and financial indices lost 1.5 percent each.

Story continues below ↓
advertisement

Saudi Basic Industries Corp (SABIC) ended 1.6 percent lower and Al-Rajhi Bank closed 1.7 percent down.

Listed Saudi companies start issuing third-quarter earnings in October. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST FINANCIAL MARKETS

  1. Dubai index rebounds from 10-week low
  2. Emaar stocks main drag on Dubai index
  3. Saudi index down, banks and petchems weigh
  4. Gulf Arab investors discouraged by Morocco's red tape
  5. GE unit nears Islamic bond sale

TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi transport chiefs give Eid gift to motorists
  2. Emirates 'forced' to raise fares on some German routes
  3. Daman gets tough on healthcare fraudsters
  4. NASDAQ Dubai chairman resigns
  5. Kuwait firms coping amid global crisis - Ernst & Young

ALSO IN MIDDLE EAST FINANCIAL MARKETS

  1. NASDAQ Dubai chairman resigns
  2. Saudi index ends higher before Eid break
  3. Savola leads Saudi index to higher close
  4. Dubai index rebounds from 10-week low
  5. Emaar stocks main drag on Dubai index

LATEST MIDDLE EAST BUSINESS NEWS

  1. Politics & Economics: Moody's cuts Dubai GRI ratings amid debt delay
  2. Politics & Economics: Job losses seen slowing in UAE - StanChart
  3. Transportation: Abu Dhabi transport chiefs give Eid gift to motorists
  4. Banking & Finance: Cost of insuring Dubai's debt rises further
  5. Sport: Big names prompt ticket rush for Abu Dhabi event

SHARE PRICE CHECK

RELATED STORIES

Saudi Basic Industries Corporation (SABIC)
| 170 stories
  1. Saudi index down, banks and petchems weigh
    21 Nov '09 | News
  2. SABIC unit signs deal for Saudi steel plant
    16 Nov '09 | News
  3. Saudi shares end higher on banks, telcos
    14 Nov '09 | News

RELATED LINKS

  1. Saudi Basic Industries Corporation (SABIC)»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Saudi Basic Industries Corporation (SABIC)

  2. Financial Markets


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 21
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. UAE real estate market has now hit bottom - analysts 04
    26 Nov ' 09 at 13:07
    Sadly, more wild statements from so called "experts" and "analysts" in the hope that their so called titles will hype the market and...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY