Saudi Arabian Tadawul index declines on Europe, China and oil
2012-04-24 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Stock Exchange saw it market gauge Tasi falling 0.74% Monday, closing at 7,525.17 points. Ongoing worries over the Euro zone debt crisis and over a not so soft landing of China's economy weighed on the sentiment. Lower oil prices, (U. S. crude off over 1.6% at $102) also mitigated the Tasi's strong start into the week last Saturday. While Sabic slipped half a percentage point to SR102.75, Banque Saudi Fransi closed flat at SR38.90. Earlier in the day, the lender said the sale of the share fractions which resulted from a capital increase from SR7.2bn to SR904bn during the extraordinary shareholders meeting held on 7.4.2012 was completed. Twenty-nine shares advanced, while 110 declined. Some 544k shares were traded, valued at SR10.6bn.  

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