الرئيسية
1312 GMT - Saudi Arabia's index slips from
Saturday's four-month high as some investors book profits and
some take positions in large-cap stocks ahead of their annual
results.
The index ends 0.2 percent lower at 6,288 points, with the
bank and petrochemical sectors the biggest drags.
"Money is shifting from insurance to chemicals and banks,
but the amount (invested) is stable," says Tarek Al Mady, a
Riyadh-based financial analyst. "We'll start to know the
companies results soon and people are building (positions)
before them."
Saudi Basic Industries Corp (SABIC) sheds 0.5
percent, Saudi Arabian Fertilizers slips 1.7 percent
and Al Rajhi Bank dips 0.4 percent.
Saturday's four-month high as some investors book profits and
some take positions in large-cap stocks ahead of their annual
results.
The index ends 0.2 percent lower at 6,288 points, with the
bank and petrochemical sectors the biggest drags.
"Money is shifting from insurance to chemicals and banks,
but the amount (invested) is stable," says Tarek Al Mady, a
Riyadh-based financial analyst. "We'll start to know the
companies results soon and people are building (positions)
before them."
Saudi Basic Industries Corp (SABIC) sheds 0.5
percent, Saudi Arabian Fertilizers slips 1.7 percent
and Al Rajhi Bank dips 0.4 percent.