Article: Investors turn focus on SABIC results.

Byline: Arab News

Khalil Hanware & Abdul Jalil Mustafa | Arab News

JEDDAH/AMMAN: Saudi shares extended losses last week despite better-than-expected results of blue chip firms, particularly the banking sector.

The Tadawul All-Share Index (TASI) shed 1.52 percent last week, closing at 8,861.24 points from 8,998.28 points previous week. TASI is currently 19.7 percent lower than the year's start.

"The Saudi market has been affected by other bourses in the Gulf Cooperation Council countries and global stock markets," the Riyadh-based Bakheet Investment Group (BIG) said in its weekly report. The BIG expected market moves to be "rather ...

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