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Saudi market rally loses steam

: Thursday, August 28 - 2014 @ 17:36

The Riyadh-based Saudi Stock Exchange finished one of the last trading days in August with a day gain of 0.11 per cent, to hit 11,042.03 points on Thursday, August 28, despite negative market breadth. Seventy shares advanced, while 79 declined.

The market reached a six-year high this week and showed no let up in buying power, albeit at a smaller scale than before.

SABIC added 0.44 per cent to reach SAR133.50.

Alkhaleej Trading dived 2.376 per cent to SAR72.50.

Gerard Al-Fil



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Thursday, August 28- 2014 @ 17:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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