Kingdom's stock market closes higher, boosted by gains in the petrochemical, banking sectors
Banking and petrochemical stocks led Saudi shares to a six-week closing high.
The all-share index gains 2.3 percent to end at 6,506 points, its highest close since February 15.
The banking sector index gained 3 percent, lifted by by heavyweight Al-Rajhi Bank which added 1.3 percent and Banque Saudi Fransi which rose 6.4 percent. SABB added 6.9 percent.
Petrochemical giant Saudi Basic Industries Corp (SABIC) closed 2.5 percent higher.For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.