Bloomberg News

Persian Gulf Stocks: Sabic and Saudi British Bank Are Active

January 09, 2012

Jan. 9 (Bloomberg) -- Saudi Arabia’s Tadawul All Share Index declined 0.4 percent, the most in more than a week, to 6,441.62 at the 3:30 p.m. close in Riyadh. Dubai’s DFM General Index was little changed.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Saudi Basic Industries Corp. (SABIC AB) dropped to the lowest level since Dec. 17, retreating 1.3 percent to 94 riyals. Saudi Arabia and Turkey are in talks over a claim that the world’s largest petrochemical maker is dumping exports in the Turkish market, a Saudi oil ministry official said.

Saudi British Bank (SABB AB) climbed to the highest since Sept. 5, rising 0.5 percent to 41.2 riyals. The lender 40 percent-owned by HSBC Holdings Plc received approval to increase capital by issuing one bonus share for every three held.

--Editors: Susan Lerner, Claudia Maedler

To contact the reporter on this story: Zahra Hankir in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

The Good Business Issue
blog comments powered by Disqus