Saudi market dips as market breadth turns into the red

The Tadawul All-Share Index fell 0.18% to 6,890.31 points Sunday, ending with 50 gaining shares and 86 declining securities. Profit booking apparently weighed on the market down after the gauge gained roughly 6% since Dec. 1. SABIC slipped 0.81% to SR91.50. The Saudi British Bank, better known as SABB, climbed 0.32% to reach SR31.50. Earlier in the day, SABB said that its board of directors has recommended to the bank’s general meeting the payment of annual cash dividends for 2012 of SR1bn at the rate of SR0.92 (represents 9.2% of the share’s nominal value) per share after deduction of Zakat, the Islamic donation fee (usually 2.5% Full Story Saudi market dips as market breadth

Full Story Saudi market dips as market breadth turns into the red

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