Industrial and Petrochemical stocks drag Tadawul Index down by -0.56%

list Sep 11, 2014 | Views 529

The Tadawul inched down by 0.56% to 11,063.14 today as profit taking dominated. Market breadth was negative with 101 stocks falling and 41 advancing. The majority of sectors fell, with Industrials dropping 1.10%, Petrochemicals down by 0.86%, Banks losing 0.73%, and Telecommunications weakening by 0.53%. The biggest decliners were led by Arabia Insurance Cooperative Company falling 4.27%, real estate developer Dar Alarkan Real Estate dropping 2.44%, and Mouwasat Medical Services Company falling 2.25%.

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