MIDEAST STOCKS-SABIC weighs on Saudi, most major Gulf markets mixed | Reuters:
Saudi Arabia’s stock index was little changed at Sunday’s open, with Saudi Basic Industries Corp (SABIC) weighing on the market.
SABIC was down 0.7 percent after reporting a drop in fourth-quarter net profit to 3.24 billion riyals ($863.88 million)versus 3.7 billion riyals a year ago.
The company attributed the fall to lower average selling prices and a decrease in the share of the results of associates and joint ventures.
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