Monday 15 July 2013

MIDEAST STOCKS-Saudi falls from 15-mth high on weak earnings; Gulf mixed | Reuters

"Saudi Arabia's bourse slipped off a 15-month high on Monday as earnings misses from petrochemical firms spurred profit-taking, while other regional markets were mixed.

The kingdom's petrochemical sector index lost 0.9 percent, underperforming the wider benchmark, which declined 0.6 percent.

Saudi Basic Industries Corp (SABIC), the world's largest chemicals producer, fell 1.3 percent after two of its units posted below-forecast net profit for the second quarter."

'via Blog this'

No comments:

Post a Comment