Sunday 17 May 2009

Saudi stocks fall 2.9% on profit taking

Third Saudi State (present day) (Saudi Arabia)Image via Wikipedia

The Saudi markets fell on Saturday dragged lower by Saudi Basic Industries (SABIC) as investors took profits after a two-week rally.

SABIC closed 7.75% down at SAR62.60 after rising some 28% in the past two weeks.

The Tadawul All Share Index sunk 2.87% to close at 5,871.57 points.

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