Wednesday, Nov 14, 2012
0845 GMT [Zawya Dow Jones]--Saudi Arabia's benchmark Tadawul Index trades flat at 6828.68, banks and petchems support gains. European and US economic woes continue to simmer in the background amid mounting concerns over the "fiscal cliff". "We see attractive value in Saudi banks' shares," analysts at Credit Suisse say, particularly Riyad Bank and Banque Saudi Fransi, trading -0.4% at SAR22.80 and flat at SAR31.00 respectively. Technical analysts at NCB Capital reckon if the TASI "fails to hold above 6,805, the index may continue correcting to 6,780." Heavyweight Sabic is trading +0.6% at SAR90.25 early in the session. (iman.dawoud@dowjones.com; Twitter: @ZDJnews)
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(END) Dow Jones Newswires
14-11-12 0848GMT
