SABIC gains as Emirates NBD sees more growth for petrochems
12/05/2014 9:13 pm EDT


share with your network:




The Riyadh-based Tadawul All-Share Index added 0.11 per cent to reach 9,775.85 points on Monday, May 12. SABIC, the world’s biggest manufacturer of petrochemicals gained 0.24 per cent to close at SAR118.75. Earlier in the day, Anita Gupta, the equity strategist at Emirates NBD wealth management said she was positive on chemicals and long-term prospects for the sector remain positive as emerging and frontier market per capita consumption of petrochemical products move towards those of developed markets. Emirates NBD wealth management said it recommends to overweight developed markets within the next one to three years, especially the U. S. due to “good corporate earnings perspectives”.

Gérard Al-Fil

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.