Complex Made Simple

Tadawul exchange advances 0.45%

The Saudi equity benchmark Tasi closed at 6,136.4 points (up 0.45%). Petrochemical giant Sabic ended up 1.08% at SR94.00. Solidarity Saudi Takaful Co. lost the most (off seven per cent at SR23.80). Shares of Knowledge Economic City or KEC jumped 10%, closing at SR7.70. KEC in Madinah was launched in 2006 by HH King Abdullah Bin Abdul Aziz and aims to attract research centres on Islam, technology, languages and software development. KEC is the third of Saudia Arabia's six Economic Cities and shall on completion comprise of 150,000 inhabitants.