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Sat 12 Sep 2009 04:18 PM

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Banks, Hadco lead Saudi shares up

Hadco posts 4.98% gain after regulators approved a takeover bid for the firm.

Saudi's all-share index TASI ended 1.28 percent higher at 5,786 points, led by heavyweight
Saudi Basic Industries (SABIC)

which ended 3.1 percent higher at 74.75 riyals.

Hail Agricultural Development Co (Hadco)

posted a 4.98 percent rise after regulators approved a takeover bid for the firm by
Almarai

.

Almarai

ended down 0.15 percent. (Reuters)

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