Tuesday 31 July 2012

STOCKS NEWS MIDEAST-SABIC leads Saudi to 4-wk high - Yahoo! News Maktoob

Saudi Basic Industries Corp (SABIC) leads Saudi Arabia's index to a four-week closing high, although bluechips are mixed and stocks usually preferred for speculative trade dominate, which may show the rally is ebbing.
SABIC climbs 1.4 percent, a day after the petrochemicals producer said a rubber plant project with ExxonMobil would boost its bottom line from 2015.
Saudi's two top banks also rise, with Al-Rajhi Bank up 0.3 percent and Samba Financial Group adding 1.1 percent.

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