Sunday, April 20, 2014

STOCKS NEWS MIDEAST-SABIC rises despite Q1 profit drop; Dubai up, Qatar down

Posted by My Blog Collection at 1:38 AM

0820 GMT - Saudi Basic Industries Corp (SABIC) rises in early trade despite the petrochemical producer reporting a slight drop in first-quarter profit. SABIC shares climb 1.0 percent, taking their gains to 3.1 percent in 2014. "SABIC is trading at reasonable valuations so we shouldn't expect a sharp sell-off, but at the same time there doesn't appear to be a short-term trigger to take its share ...



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