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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.
Could you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - KhalidSadly, The cops don't even understand English & they are not willing to listen to anything. They do as they like, It is my wish that wherever the citizens... more
Friday, 24 May 2013 6:02 PM - Expat in KuwaitThe Saudi Govt been very cooperative and kind with Pakistan being the Muslim brothers and it will definitely a big big obligation for Pakistan and a hope... more
Saturday, 25 May 2013 12:40 PM - Muhammad AsifAs much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid@both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more
Friday, 24 May 2013 1:25 PM - SAM
Top managment greed is one of the main reasons that caused the 2008 crises. hope i delivered the message..
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As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid
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