Saudi Arabian shares climbed the most in 18 months, led by petrochemicals and helped by oil prices. The Saudi Tadawul All Share Index jumped 5.35 per cent, the biggest gain since November 2008, to 6175.96 points. Saudi Basic Industries Corpora
Saudi Arabian shares climbed the most in 18 months, led by petrochemicals and helped by oil prices. Saudi Basic Industries Corp., the world’s largest petrochemical maker, and Saudi International Petrochemical Co., or Sipchem, helped lift the Saudi
The Saudi stock index made its biggest one-day gain since November 2008 on Saturday led by the heavyweight Saudi Basic Industries Corp. (SABIC) after falling 8.4 percent last week on declining oil prices and concerns over the euro zone's debts. The
The recent sell-off in Gulf Arab markets offers attractive opportunities in the petrochemicals and consumer sectors in Saudi Arabia, according to a fund manager for Swiss-based asset manager GAM Holding. “Petrochemicals are a great story in Saudi. You
Saudi shares led regional decline last week prompting other Arab stock markets to plummet. The Tadawul All-Share Index (TASI) dived 8.4 percent last week to close at 5,862.31 points, spearheaded by the petrochemical sector, particularly the Saudi
The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close. Saudi Arabia’s Tadawul All Share Index tumbled 6.8 percent, the most since November 2008, to 5,760.33 and the Dubai
The global stock market rout reflected on Tadawul on Tuesday as uncertainty in Europe and concerns about the economic recovery pushed confidence down in the Kingdom. The Tadawul All-Share Index (TASI) plunged 6.75 percent to 5,760.33, led by
Saudi shares lost the most in more than a year, leading a drop in the oil-rich Gulf, as crude and global stock markets slumped on concern Europe’s debt crisis will spread and as tensions grew in the Korean peninsula. Saudi Basic Industries Corp., the
Saudi Arabian stocks led a rout on Middle East markets as declines in oil prices sparked panic selling in the world's top crude exporting region. Saudi Basic Industries Corp (Sabic) fell 8.2 percent, hitting an eight-month low before recovering some of
Saudi Basic Industries Corp. (SABIC) slumped to a 15-week low on Monday as fears China would move to slow its economy spurred investors to dump stocks of petrochemicals firms, which have considerable exports to China. Most Middle East markets fell,