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Sabic bounces back by two percent, Tadawul market adds slightly

  • Saudi Arabia: Sunday, September 30 - 2012 at 18:49

In line with a general recovery in the GCC, the Riyadh-based market measure Tasi added half a percentage point to close at 6,839.83 Sunday. Saudi Basic Industries Corp. surged two percent to close at SR91.00. Mobile Telecommunications Company Saudi Arabia known as Zain KSA plummeted 4.70% to hit SR10.25. Buruj Cooperative Insurance Company closed unchanged at SR57. Earlier in the day, Buruj announced its receipt by fax on Sunday the Saudi Arabian Monetary Agency SAMA temporary approval extension for sales and marketing of motor insurance products till January 31 2013.

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