MIDEAST STOCKS-Gulf stocks muted; SABIC little changed after Aramco plan | Reuters:
Gulf stock markets were muted on Thursday, with Saudi Basic Industries Corporation (SABIC) little changed in Saudi Arabia after Saudi Aramco said it was in early talks to acquire a stake in the petrochemical giant.
SABIC, the largest listed company in the Gulf and the world’s fourth-biggest petrochemicals company, closed up by 0.2 percent after edging between positive and negative territory earlier in the trading session.
That suggested investors were still assessing the possible impact on SABIC of a plan for Saudi Aramco to buy a strategic stake in the company.
No comments:
Post a Comment