Saudi shares close higher on petchems gains

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi shares closed higher on Saturday boosted by gains in the petrochemical and telecommunications stocks.

The all-share gained 0.7 percent to 6,778 points and the petrochemical index added 0.7 percent to 5,793 points.

Shares in Etihad Etisalat (Mobily) closed 2.7 percent higher after it announced that it has resumed selling pre-paid SIM cards after a two week suspension.

The telecommunication index closed 1.8 percent higher at 2,157 points.

The banking index closed 0.1 percent higher at 14,687 points.

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
Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

Blood on the bourse floor

Blood on the bourse floor

Arabtec’s share price collapse was the catalyst for a huge sell...

Risky business

Risky business

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

Most Discussed