Tasi index loses little
Saudi Arabia: The Saudi Tasi stock-index closed 0.36% lower at 5,420.79 points. The sector index covering Media and Publishing lost 3.21% as a the top losing segment. The advertising industry in the GCC is under sever pressure. This forced e. g. Forbes Arabia to cease its operations. Kingdom Holding posted the largest loss (down 8.08%). Market bellwether Sabic declined by 1.67%. As it occured frequently since the beginning of 2008, an insurance operator bucked the negative trend: Walaa Insurance gained 9.96%. [AMEInfo.com]
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