Saudi stocks edge upwards

Saudi stocks edge upwards
2.5 5

Published January 2nd, 2013 - 09:49 GMT via SyndiGate.info

Rate Article:

 
PRINT Send Mail
comment (0)
Most Gulf stock markets were closed yesterday for the New Year, but Saudi Arabia and Oman were open and performed well
Most Gulf stock markets were closed yesterday for the New Year, but Saudi Arabia and Oman were open and performed well
More >
Saudi Fertilizers Co
,
Heavyweight Saudi Basic Industries Corp.
,
United States Senate

Saudi stocks close higher yesterday with gains in all sectors after oil prices edged up on Monday and the U.S. Senate passed a deal to avert a "fiscal cliff" which threatened the world's largest economy.

The all-share ends 0.9 per cent higher to 6,860 points and the petrochemical index jumps 1.8pc to 5,959 points.

Heavyweight Saudi Basic Industries Corp. (SABIC) adds 0.6pc and Saudi Fertilizers Co (SAFCO) gains 1.6pc.

Most Gulf stock markets were closed yesterday for the New Year holiday, but Saudi Arabia and Oman were open.

In Oman, the index closes slightly higher, gaining 0.05pc, to 5,764 points. The government yesterday passed a 2013 budget plan with spending of 12.9 billion rials ($33.5bn) and a revenue of 11.2bn rials.

Advertisement

copyright © 2012 All Rights Reserved

Post new comment

The content of this field is kept private and will not be shown publicly.