Wednesday 12 December 2012

STOCKS NEWS MIDEAST-Saudi flat but petchems gains; Egypt rises - Yahoo! News Maktoob

Saudi Arabia's bourse hovers near flat as gains in petrochemical stocks fail to outweigh declines in other sectors.
The index eases 0.02 percent to 6,761 points, holding on to December's gains of 3.5 percent.
NCB Capital raised its rating on National Petrochemical to 'neutral', and remains 'overweight' on Saudi Basic
Industries Corp (SABIC), Saudi International Petrochemical (SPICHEM) and Sahara Petrochemical.
SABIC gains 0.6 percent, SIPCHEM rises 0.3 percent, while Sahara slips 0.4 percent.

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