Saudi shares close higher ahead of Q4 results

Gulf kingdom's all-share index adds 0.6%, lifted by banking sector stocks
By Reuters
Sat 12 Jan 2013 12:42 PM

Saudi shares closed higher on Saturday, boosted by gains in banking stocks.

The all-share gained 0.6 percent to 7,166 points and the banking index added 1.3 percent to 15,807 points.

Shares in heavyweight Al Rajhi Bank added 1.1 percent.

Banque Saudi Fransi added 0.3 percent after it announced a 22 percent rise in fourth-quarter earnings.

The banking index closed 0.2 percent lower at 6,146 points.

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