Sabic shares take a dip, Tadawul market gears up
2012-03-29 - | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Stock Exchange saw its market gauge rising 0.2% on Wednesday, closing at 7,782. 84 points. Market bellwether Sabic, the global petrochemicals and metal producer, slipped 1.15% to SR107.50. Atheeb Telecom soared 10%, closing at SR19.80. Saudi Electricity dipped 0.63% on profit bookings, finishing at SR15.80. The share has gained 13.50% since January 1, mainly due to its success in placing a sukuk worth $1.75bn at global markets last Tuesday. The Islamic bond is considered a proxy for for the Saudi sovereign, IFIS reported.  

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