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Saudi bourse hits 17-month high

Saudi‘s Tadawul index closed 0.4 percent higher on Saturday, just under 6,700 points, its highest since October 6, 2008.


March 20, 2010 10:46 by

Saudi’s Tadawul all-share index closed 0.4 percent higher on Saturday, just under 6,700 points, a new 17-month high, reported Reuters. The increase was led by the banking index, which closed 0.8 percent higher after the Samba Financial Group gained 2 percent and SABB rose 1.5 percent.

Saudi Basic Industries Corp (Sabic) also increased by 0.8 percent. This is the bourse’s highest close since October 6, 2008, said the report.


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