[ad_1]
The Saudi index recorded its worst daily losses last month, amid a series of weak results.
The benchmark fell 1.5%, its worst daily performance since June 24, accompanied by declines in all listed banks.
Saudi Arabia, Basic Industries Corp. (SABIC), the world's fourth largest producer of petrochemicals, declined 1.6%, furthering its losses from the previous session, after posting its lowest quarterly profit since end of 2009.
Dallah Health Services Holding (6%) fell after the company announced a decline in its profits in the second quarter, penalized by higher operating and financing costs, while Halwani Brothers fell 2.3% after the food sector lost in the second quarter, due to an increase in the cost of products marketed in the Kingdom. And the increase in sales and distribution expenses in Egypt.
Source link
