Saturday 14 April 2012

STOCKS NEWS MIDEAST-Saudi stocks trading flat - Yahoo! News UK

Saudi shares are trading largely flat after opening lower, dragged down by the petrochemical and banking sectors following a fall in oil prices fell.
The all-share index is up just 0.01 percent at 7,574 points, while the petrochemical index eases 0.1
percent.
Oil prices dipped on Friday and posted a weekly loss after data showed that first-quarter economic growth in China, the world's No. 2 oil consumer, was the weakest in nearly three years, reinforcing concerns about slowing demand for petroleum.
The banking index eases 0.2 percent.

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