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Article: Investors turn focus on SABIC results.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- July 19, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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