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[2008-02-04] Saudi stocks decline led by Sabic Saudi Arabian stocks fell, led by Saudi Basic Industries Corp. and Saudi Kayan Petrochemical Co.
The Tadawul All Share Index dropped 41.27 points, or 0.4 per cent, to 9633.75 at 2:50 p.m. in Riyadh.
Saudi Basic, the world's biggest chemicals maker by market value, retreated 1.7 per cent to 161.755 riyals. Saudi Kayan, the company building the world's biggest ethylene-glycol plant, fell 2.8 per cent to 26.25 riyals.
The Tadawul Index has dropped 13 percent this year. Saudi Arabia's stock market is the only Arab exchange monitored by Bloomberg that is open on Saturdays.
