Saudi Arabian Shares Advance as Banks, Petrochemicals Climb
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Saudi Arabian stocks added 0.1 percent to 7,041.58 by the close in Riyadh today, boosted by banks and petrochemical companies.
The Tadawul All Share Index reached the highest level since Feb. 18, with Al Rajhi Bank, the kingdom’s biggest lender by market value, gaining 0.7 percent to 68 riyals, the highest gain in more than a month, and Bank Al-Jazira advancing 4 percent to 28.9 riyals, the biggest gain in six weeks. Northern Region Cement Co., the building material producer, climbed 9.7 percent to 23.7 riyals, the highest since Feb. 10.