MIDEAST STOCKS-Saudi petchems fall in weak region but UAE's TAQA keeps rising:
"Middle Eastern stock markets mostly fell on Sunday, with Saudi Arabian petrochemical shares hit particularly hard, in response to a drop by global bourses at the end of last week. The Saudi index slipped 0.3 percent as Saudi Basic Industries, the biggest petrochemical firm, slid 0.6 percent and Sahara Petrochemicals, the worst performer, dropped 5.1 percent as it went ex-dividend. Yanbu National Petrochemicals was down 2.1 percent after announcing a net profit of 630.6 million riyals ($168 million) in the first quarter, 3.7 percent higher year-on-year. Analysts surveyed by Reuters had forecast on average a 750 million riyal profit."
'via Blog this'
No comments:
Post a Comment