Saudi shares close higher as petchem stocks climb

Heavyweight Saudi Basic Industries rises 1% as index puts on 0.6% on Saturday
Saudi shares close higher as petchem stocks climb
By Reuters
Sat 21 Jul 2012 12:47 PM

Saudi shares closed higher on Saturday led by gains in the petrochemical and banking stocks.

The all-share added 0.6 percent to 6,665 points and the petrochemical stocks added 0.7 percent to 5,725 points. The banking sector gained 0.4 percent.

Heavyweight Saudi Basic Industries (SABIC) added 1 percent.

Shares in Savola Group gained 4.5 percent after beating analyst forecasts in their Q2 net profits.

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