Monday, 16 April 2012

STOCKS NEWS MIDEAST-Saudi falls to 7-wk lows; petchems lead declines - Yahoo! News UK

Saudi Arabia's bourse recovers some of its losses earlier in the session but ends at a seven-week low as petrochemical stocks extend declines following below-forecast earnings, while banks are stable.
The index falls 1 percent to 7,278 points, its lowest close since Feb. 29.
Bellwether Saudi Basic Industries Corp (SABIC) slips 1.3 percent, Nama Chemicals and Saudi Arabian
Fertilizers sheds 1.4 percent.

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