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Saudi shares reach highest level since October
The seven day winning streak is the longest that the Saudi market has seen since September last year, says Bloomberg.
February 20, 2010 10:38 by kippreport
Saudi’s Tadawul All Share Index gained for a seventh day on Saturday, adding 1 percent to reach 6,474.66, its highest level since October 27 last year, reports Bloomberg. The Kingdom’s shares were led by Banque Saudi Fransi, which gained 3.2 percent, and Al Rajhi Bank, which increased by 1 percent. The index was also boosted by the rising price of oil, which is trading close to $80 per barrel.
The seven day winning streak is the longest that the Saudi market has seen since September last year, according to the report.