Saudi shares close lower despite oil price rise
Riyadh - Arabstoday
Saudi shares closed lower on Saturday on petrochemical losses despite rising oil prices. Brent crude futures closed at $123.43 a barrel on Thursday before holidays began in major markets. The all-share closed 0.4 percent lower at 7862.5 points and the petrochemical index closed 1.2 percent down at 7353.03 points. Petrochemical giant Saudi Basic Industries Corp (SABIC) slipped 0.9 percent. Meanwhile, the banking index added 0.5 percent to 17,890.4 points. Bank Albilad ended 9.9 percent higher and Alinma Bank added 3.2 percent. Almarai shares closed down 4.5 percent after it said its first quarter net profit rose by 2.9 percent compared with the same period last year.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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