Saudi state-led giant Sabic was hit by a second quarter loss in its steelmaking unit. Most firms report increased 1H income, though some were hit by outages.

So far 13 out of Saudi Arabia’s 14 stock exchange traded petrochemical firms have completed reporting second quarter earnings – later than normal, as with the first quarter, due to new accounting rules introduced at the end of 2016 (MEES, 12 May). One firm, Alujain whose end-H1 2017 market capitalization was among the...