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Sat 25 Aug 2012 12:40 PM

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SABIC helps Saudi bourse to higher close

Banking, petrochemical sectors lead gains as all-share index rises 1.4% on Saturday

SABIC helps Saudi bourse to higher close

Petrochemical and banking stocks lifted the Saudi stock market to close higher on Saturday.

The all-share ended 1.4 percent higher at 7,104 points and the petrochemical sector also ended 1.4 percent higher at 6,168 points.

Heavyweight Saudi Basic Industries (SABIC) closed 1.4 percent higher.

The banking index ended 1 percent higher at 16,016 poings

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