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Sat 21 May 2011 04:44 PM

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Petrochemicals sector gains lift Saudi Arabia's index

Petro giant SABIC climbs almost 1%, boosted by a rise in oil prices on the previous day

Petrochemicals sector gains lift Saudi Arabia's index

Gains in the petrochemical sector lifted Saudi's index to a higher close on Saturday, after oil prices rose on Friday.

The all-share index added 0.7 percent to 6,731 points, supported by gains in the petrochemical sector which saw a 1.4 percent rise to 6,888 points.

The petrochemical giant Saudi Basic Industries (SABIC) climbed almost 1 percent by the end of trading on Saturday.

The banking index dropped 0.13 percent.

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