Zain Saudi leads kingdom's index lower

Posted by 7Star Monday, January 25, 2010

All but one Saudi-listed firm fell in early trading on Saturday after Zain Saudi Arabia announced it had missed some commitments linked to 2.5 billion dollar Muarabaha. The all-share index is down 1.8 percent at 6,271 points led mainly by petrochemical and telecoms indexes. Shares in Zain Saudi fall 1.47 percent and Saudi Basic Industries Corp (SABIC) falls 2.51 percent.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog