CAIRO: Saudi's benchmark has ended its daily session Tuesday slumping, as the petrochems sector dipped amid investors booking gains for 1st Q of 2012. TADWL, the main index fell 0.2 percent to close at 7545 points, closing lower for a second session in three as investors book profits. Heavyweight Al Rajhi Bank adds 0.6 percent; and Alinma Bank rises 1 percent. The bank index climbs 0.2 percent. Cement stocks also climbed, with Yamamah Cement and Saudi Cement up 0.5 and 0.3 percent, respectively. Banks and petrochemical stocks are the main drag. Samba Financial Group and Banque Saudi Fransi fall 1.5 and 0.8 percent, respectively. Elsewhere in Dubai, the main index slumped 0.5 percent to close 1,624 points, trimming 2012 gains to 20 percent, amid a lack of market-moving news. Emirati capital Abu Dhabi's benchmark ended little higher, gaining 0.4 percent or 0.96 points to close at 2,505 points. Oman's index slipped 0.6 percent to 5,833 points, while Kuwait's benchmark rises 0.1 percent to 6,376 points, and the Qatari index slipped 0.4 percent to close at to 8,672 points, ending lower for a first session in four, as Barwa Real Estate weighed in on the index. Egypt and Bahrain markets were closed today, for the Labor Day holiday, and will resume operations tomorrow.
