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Saudi index gains in early trade

Riyadh, November 12, 2011

Saudi shares rose in early trading on Saturday, led by gains in the petrochemical sector after oil prices rose on Friday.

US crude closed at a 15-week high and posted a sixth consecutive weekly gain while Brent pushed higher a third straight week.

The all-share index gains 0.9 percent to 6,270 points and the petrochemical index adds 1.6 percent to 6,349 points.

Petrochemical giant Saudi Basic Industries Corp  (Sabic) added 1.6 percent.-Reuters




Tags: Shares | Saudi index |

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