2011-11-13 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Riyadh-based equity benchmark closed 0.07% higher at 6,257.27, consolidating its three month high it achieved yesterday. Sabic advanced by a quarter per cent, closing at SR96.75. Al Rajhi Capital recently commented on the petrochemical and metals producer Sabic: "Sabic reported a 54% y-o-y growth in earnings for Q3 on the back of higher utilization rates, a y-o-y rise in product prices, and lower financing costs. (...) For the moment, we remain Overweight on the stock with a target price of SAR131.2." Al Ahli Takaful Co. lost the most (down 9.88% at SR136.75). The share has declined has lost on profit bookings since the start of November, as it more than doubled in value during the first nine months of 2011.  

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