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Saudi’s Zamil Industrial shares hit 7-month high
February 09, 2012 - 12:00 GMT
Location:
Dubai
KEYWORDS:
Zamil
,
Saudi Arabia
,
exports
,
share price
Shares of Zamil Industrial Investment Company breached the 30-riyal ($8) mark for the first time in almost 7 months, as Saudi Arabia’s industrial boom stoked investor confidence despite the company’s dip in profits.
The Dammam-based company, which has a steelmaking subsidiary, Zamil Steel, saw its stock rise to 30.10 riyals at the close of the week’s trading in Riyadh yesterday after briefly reaching 30.40 riyals.
It last broke the 30-riyal level on July 16, 2011 with much of the first-half of 2011 above this mark, even...
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Euromoney Institutional Investor PLC.
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