saudi shares retreat for second consecutive day
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Saudi shares retreat for second consecutive day

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Emiratesvoice, emirates voice Saudi shares retreat for second consecutive day

Riyadh - Arabstoday
Shares in Saudi Arabia declined for a second day yesterday before the start of the earnings season later this month. The country\'s benchmark stock index, the Tadawul All Share Index, lost 0.1 per cent to 6,408.89 at 1:15pm in Riyadh. The measure declined 3.1 per cent in 2011, it\'s first drop since 2008. Banque Saudi Fransi, part-owned by Credit Agricole SA, retreated 0.7 per cent, while Saudi Kayan Petrochemical Co. rose 0.3 per cent. \"The Tadawul is expected to trade in a tight range over the next two days with no clear lead locally,\" said equity analyst Samer Darwish.

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