Saudi Gazette - Saudi stock benchmark ticks up despite weak petrochem earnings:
"The Saudi stock market managed to recover from 15-month low Tuesday as the benchmark Tadawul All Share Index inched up 0.05 percent to close at 7,703.25 points, though the petrochemical shares extended losses on weak quarterly earnings.
Saudi Basic Industries Corp slipped 0.5 percent. Its subsidiary, Saudi Kayan, posted below-forecast earnings, following the trend of two sister companies. Kayan, which reported a narrower loss but failed to match estimates, fell 2.6 percent.
Saudi Arabia Fertilizers Co, which missed estimates with an 11.6 percent profit decline on Sunday, slumped 4.6 percent, its third straight loss."
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