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Saudi index rises to 11-month high

The Saudi index saw its highest close in 11 months…

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September 26, 2009 10:02 by



The Saudi index saw its highest close in 11 months on Saturday, after the Credit Suisse Group upgraded some of the bank stocks in the kingdom, and local bankers announced that they agreed to refinance part of the Saad Group’s debt. The TASI index closed at 6,130.95 points, its highest level since October 22, 2008 when it closed at 6,160.80 points.

The top gainers included SABB bank, Riyad Bank, Al Rajhi Bank and the Samba Financial Group.



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