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Sat 3 Dec 2011 12:19 PM

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Petchem, banking shares lead gains on Saudi bourse

Heavyweight SABIC climbs 1.6% as Saudi index closes higher, boosted by rise in oil prices

Petchem, banking shares lead gains on Saudi bourse
Saudi Arabias stock market opened higher on Saturday

Saudi shares closed 1 percent higher on Saturday, with
gains in all sectors after oil prices rose on Friday.

The all-share index ended at 6,167 points and the
petrochemical index also ended 1 percent higher at 6,117
points.

Shares in petrochemical giant Saudi Basic Industries
added 1.6 points.

The banking index also added 1.3 percent to 14,363 points,
led by gains in heavyweight Al Rajhi Bank which added 1
percent.

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