Petrochemical giant's shares fall 1.08% as all-share index closes 0.37% lower
Saudi shares partly recovered earlier losses on Saturday, but the all-share index
still finished the session down 0.37 percent from start of trading.
Shares in petrochemical companies fell 0.74 percent, with bellwether Saudi
Basic Industries Corp (SABIC) slipping 1.08 percent.
Banking stocks did better, ending with losses of only 0.11 percent as
heavyweight al-Rajhi Bank gained 0.34 percent.
The Saudi market is influenced by world oil prices, which fell last week.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.