Telecom operator Zain Saudi closed at a two-month high after a stock upgrade while the kingdom's index slipped from Saturday's five-month higher as investors booked profit on petrochemical and banking stocks.
Shares in Zain jump 5.5 percent to SR5.75, their highest close since Oct. 29.
Riyad Capital upgraded the stock to 'buy' with a price target of SR6.40.
No comments:
Post a Comment