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Wednesday, 25 November 2009 00:28 UAE time

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Saudi bourse ends 7-day losing streak

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 05 September 2009
(Getty Images)
(Getty Images)

Saudi shares broke a seven-session losing streak helped mainly by gains in market-heavyweight Saudi Basic Industries Corp (SABIC) and insurance stocks. The all-share TASI index closed at 5,670.92 points, 0.95 percent above Wednesday's close which was the lowest close in seven weeks. Shares in SABIC ended 2.55 percent higher at 70.5 riyals. Three insurance firms, favoured by day-traders, made it among the day's top five gainers.

SABB Takafaul ended almost limit up, or 9.98 percent, at 44.1 riyals and Alahli Takaful closed 7.1 percent higher at 101.75 riyals. Alinma Bank gained 1.6 percent at 12.65 riyals and topped the day's most actively traded stocks. (Reuters)

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    24 Nov ' 09 at 19:36
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