Saudi Stock Exchange dips slightly after gauge touched upper Bollinger Bands
2012-03-27 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: In line with tiny losses at most GCC markets on Tuesday, the Riyadh-based Tadawul All Share Index (Tasi) ended off 0.20% at 7,767.33 points. On Monday the Tasi touched the upper Bollinger Bands, which indicated an overbought market which is ripe for a correction. Shares of Saudi Kayan Petrochemical Company fell 4.80% to SR19. Earlier in the day, Saudi Kayan announced that it has begun the trial operation of Amine project at its complex in Jubail Industrial City. Market breadth was almost even, as sixty-three shares advanced, while 81 declined.  

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