The Saudi index trades down 0.2 percent
on the final trading day of the week, reflecting the flat oil
price.
Saudi Basic Industries Corp slips 0.3 percent,
while Advanced Petrochemical, which on Tuesday
confirmed a 56 percent rise in net profit for 2011 versus 2010,
gains 0.7 percent.
A note from Rasmala on SABIC points to a weaker start to the
year for the bellwether company, with the investment bank
revising its target price to 113 riyals ($30.13) from 115
riyals.
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