Sunday 11 November 2012

MIDEAST STOCKS-Saudi falls for 2nd day; Kuwait hits fresh 3-wk high - Yahoo! News Maktoob

Saudi Arabia's bourse declined for a second session on Sunday as investors booked gains in petrochemical stocks, while Kuwait's bourse closed at a fresh three-week high on hopes of economic and political improvement.
Shares in Saudi's National Petrochemical Co dropped 9.9 percent after the firm said it shut down its Saudi
Polymer project temporarily due to technical issues.
Investors booked profits in other petrochemical firms too, with heavyweight Saudi Basic Industries losing 0.6
percent and Advanced Petrochemicals dropping 1 percent.

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