Saudi Equity Movers: Saudi Automotive Services, Saudi Transport

The Tadawul All Share Index (SASEIDX) dropped 0.1 percent to 6,713.63 at the 3:30 p.m. close in Riyadh.

The following stocks rose or fell in Saudi Arabia’s market.

Saudi Automotive Services Co. (SACO AB) gained 3.5 percent, the largest gain since May 2, to 14.95 riyals. The company that operates service stations and restaurants has added 43 service locations in the kingdom. The company now has 93 such outlets, including 26 under construction, it said.

Saudi Transport and Investment Co. (SLTCO) rose 1.3 percent to 15.75 riyals, the highest level since May 8, after the company known as Mubarrad said it will buy 50 trucks for 15.3 million riyals.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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