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Tadawul index jumps 3.38%
- Saudi Arabia: Saturday, March 14 - 2009 at 17:36
The Saudi stock market started the week with a fresh rebound, closing 3.38% higher at 4,269.91 points on higher volumes. Triggered by bulllish international markets, Saudi investors sent stock from all sectors higher. Malath Insurance posted the biggest gain (up 9.95%). A total of 118 securities advanced and only four shares were down (among them tourism firm Shams on profit bookings). GCC markets bellwether Sabic closed 5.18% higher. According to a Gulf News report Saudi citizens repatriated SR17bn as a result of heavy losses abroad due to the financial crisis.
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Gérard Al-Fil, Financial JournalistSaturday, March 14 - 2009 at 17:36 UAE local time (GMT+4)
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This article was updated on Sun Mar 15 2009.
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