Saudi shares end little changed

All share TASI index closes just 0.01 percent down at 6,346 points.
Saudi shares end little changed
(Getty Images)
By Neeraj Gangal
Sat 19 Jun 2010 12:53 PM

Saudi shares ended little changed, with petrochemical stock offsetting declines in heavyweight banking and telecom stocks after US oil prices closed higher for a second week in a row.

The all-share TASI index closed just 0.01 percent down at 6,346 points. The petrochemical industry's index ended 0.4 percent higher while banking and telecoms indices shed 0.3 and 0.5 percent respectively.

Saudi Basic Industries Corp ended 0.5 percent down while its affiliate Yansab added 4.4 percent and PetroRabigh gained 3.2 percent.

Riyad Bank rose 2.1 percent. (Reuters)

For all the latest Saudi Arabia news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.