Saudi bourse breaks through 7,000 barrier

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi shares closed slightly higher on Saturday, boosted by share-price increases for its biggest companies in the market's most important sectors.

The all-share index closed up 0.39 percent to 7,025 points. The closing point is short of a year-to-date high of 7,166 points on January 12, but is still up from the 6,855 points at which the market closed last year.

Saudi Arabia's largest listed bank, Al Rajhi, rose 0.72 percent, while the other main heavyweight, petrochemicals giant Saudi Basic Industries Corp (SABIC) was up 0.81 percent.

Saudi shares are strongly influenced by global stocks, which mostly performed well on Friday, and by energy markets. Crude oil prices closed flat on Friday.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Risky business

Risky business

Libya’s stock market is one of the smallest in the Arab world...

Little-known investor poised to score big with Twitter IPO

Little-known investor poised to score big with Twitter IPO

New Yorker Suhail Rizvi has quietly amassed a $1bn 15% stake...

Dubai real estate bonds would find buyers amid recovery

Dubai real estate bonds would find buyers amid recovery

Bonds could be issued to fund growing pipeline of new projects...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams