Resilient Saudi bourse defends key level as oil prices stabilise
- Saudi Arabia: Wednesday, February 20 - 2013 at 18:30
The Tadawul All-Share Index finished a volatile Wednesday session 0.13% higher at 7,034.74 points. After declining sharply on Monday, oil prices (DME Oman Crude) resovered slightly, adding $0.19 to trade at $112.18 during settlement (12.30pm Dubai time). Sabic gained 0.54% to reach 7,034.74 points. Al Alamiya for Cooperative Insurance Company jumped 5.62% to SR65.75. In 2012, the Islamic insurer said earned a net profit before Zakat of SR3.763m compared to a net Loss of SR18.008m for the previous year.
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