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Tadawul market declines slightly

 
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Kirk
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Joined: 01 Jan 1970
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PostPosted: Mon Aug 09, 2010 7:06 pm    Post subject: Tadawul market declines slightly Reply with quote

The Saudi Arabian bourse ended 0.10% lower at 6,317.67 points due to weak performing real estate developers and insurance firms. In a rare event in Riyadh, Sabic (up 0.85% at SR89.00) was not the most liquid stock but the newly listed Knowledge Economic City (KEC). On its first day of trading, KEC ended at SR10.30, following its Sr1bn ($272m) IPO from May at SR10 per share. The Madinah-based KEC aims to be the core education centre in Saudi Arabia. Its total investment upon completion is SR30bn ($8bn).

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