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Oil, Dow rally boost Saudi Tadawul bourse

The Tadawul All-Share Index or Tasi gained 1.52% Saturday to reach a three-week high at 6,767.81 points. The advance was broad as 136 out of of 154 traded shares advanced, while only nine stocks declined. Market bellwether Sabic, the world's largest petrochems producer, jumped four 4.10% to hit SR89.75. Investors fetched new confidence after oil (U. S. crude) rose above $90 per barrel and the Dow Jones Industrial Average closed Friday at a three-month high at 13,075.66 points.