Sunday 25 November 2012

STOCKS NEWS MIDEAST-Saudi Mobily falls; index resumes decline - Yahoo! News Maktoob

Shares in Saudi Arabia's telcom operator Etihad Etisalat (Mobily) weigh on the kingdom's bourse after the firm said the regulator suspended sale of new prepaid cards until it meets the service's provisioning requirements.
Mobily falls 1.7 percent, despite the company saying financial impact from the move will be "insignificant,"
according to a bourse filing.
Shares in Abu Dhabi listed Etisalat are flat. The government of UAE is a major shareholder in both the telcos.
Petrochemical stocks lose ground, giving back some of Saturday's gains. The sector's index dips 0.8 percent.

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