Petrochemical stocks decline following a fall in oil futures while banking stocks rise
The Saudi bourse ended largely flat, as petrochemical stocks decline after a fall in oil futures, outweighing gains by banking shares.
The all-share index closed just 0.01 percent down at 6,418 points, while the petrochemical index dropped 0.4 percent and the banking index gains 0.1 percent.
The index of the largest Arab bourse has lost 3.1 percent in 2011.
Oil prices ended 2011 up 13 percent but Brent February crude fell 63 cents to $107.38 a barrel on Friday, having swung from $106.62 to $108.25 in light holiday trade, weighed down by ongoing concerns about Europe's debt crisis and slowing Chinese factories.
Heavyweight Saudi Basic Industries Corp (SABIC) lost 0.8 percent, while SAMBA Financial Group climbed 0.4 percent.