Tuesday 27, May 2008 by Mike Gallagher

A better day for banks on Middle East markets

The Tadawul fell again on Tuesday, but not by as much as previously. It closed down 0.75 per cent at 9553.26 as a result of falls by Malath Insurance and Bank Al Bilad, which were down 9.5 per cent and 4.29 per cent respectively. It fell by 1.67 per cent on Monday, again due to poor performances by financials. Seventy-five stocks traded down, 17 up and 25 remained unchanged.

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