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Saudi index ends 1.9 per cent higher

Riyadh, August 13, 2011

Saudi shares closed 1.9 per cent higher on Saturday led by gains in the petrochemical and banking sectors, with the all-share closing at 6,156 points, its highest close since August 3 when the market closed at 6,424 points. 

The petrochemical sector added 2.3 per cent to 6,273 points and petrochemical giant Saudi Basic Industries Corp (Sabic) closed 2 per cent higher.

The banking index ended 2.2 per cent higher to 14,790 points, lifted by gains in heavyweight Al-Rajhi Bank which ended 3.3 per cent higher. – Reuters




Tags: index | Riyadh | petrochemicals | Saudi shares |

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