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Sat 24 Mar 2012 12:25 PM

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Saudi bourse closes higher on bank, petchem gains

All-share index gains 1.8% with heavyweight Al Rajhi Bank adding 1.3% on Saturday

Saudi bourse closes higher on bank, petchem gains

Banking and petrochemical stocks lifted the Saudi index
to a higher close on Saturday.

The all-share closed 1.8 percent higher to 7,676
points and the banking index added 2.5 percent to 17,288
points.

Heavyweight Al Rajhi Bank ended 1.3 percent higher.

The petrochemical index closed 1 percent higher as
petrochemical giant Saudi Basic Industries Corp (SABIC)
added 1 percent.

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