With the long term advantages remaining intact, Saudi Arabian petrochemical stocks look attractive at current valuation levels, said a new report.
However, in the near term, concerns on the global economy could lead to weakness in petroche
Saudi shares closed slightly lower, dragged down by banking stocks, while petrochemical stocks gained 0.43 per cent after a negative start on Saturday.
The all-share closed 0.13 per cent lower to 6882.01 points and the banking sector lost
Petrochemical stocks lead Saudi shares to a higher close after Yanbu National Petrochemical Co (Yansab) rising 1.5 percent after it announced it would start full commercial production in March.
The all-share index ends 0.7 percent higher -