Wednesday, 7 December 2011

Dubai, Qatar bounce back; Abu Dhabi down - ArabianBusiness.com

Saudi Arabia's petrochemical stocks lifted the kingdom's index to a four-week high.

Regional giant Saudi Basic Industries Corp (SABIC) gained 0.8 percent and Advanced Petrochemical rose 4.6 percent.

"Profits have been good this year and should stay pretty good, but the market hasn't responded so valuations are not far off where they were in the depths of 2009," said Paul Gamble, head of research at Jadwa Investment.

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