Complex Made Simple

Tadawul bourse re-flirts with 8,000 points

The Saudi Arabian equity market measure Tasi gained 0.7% to hit 7,933.95 points, a one-week high after the Syria tensions pulled the gauge down to 7,722. On Monday, Sabic added 0.26% to close at SR96.50. The Saudi market bellwether has been trading in a range between SR90 to SR98 for the last six months. Abdullah A. M. Al-Khodari Sons Company soared two percent, finishing at SR35.60. Earlier in the day, the contracting firm said the financial impact of a project for a 300 bed maternity hospital awarded by the Ministry of Health, valued at SR245m is expected to start in the third quarter of the financial year 2013.