The Tadawul All Share Index gained 0.9 percent to 6,778.99, the highest level in eight months, at the 3:30 p.m. close in Riyadh.
The following stocks rose or fell in Saudi Arabia’s market.
Banque Saudi Fransi (BSFR AB) climbed 4.9 percent to 47.10 Saudi riyals, the biggest jump in 12 weeks. The Saudi lender part-owned by Credit Agricole SA said fourth-quarter profit doubled to 709 million riyals ($189 million) as loans and customer deposits increased.
Riyad Bank (RIBL AB) rose 0.8 percent to 26.80 riyals, its highest price in a month, even as Saudi Arabia’s third-largest lender by market value said fourth-quarter profit dropped 16 percent to 764 million riyals.
Saudi Hollandi Bank (AAAL AB) surged 4.7 percent to 31.50 riyals, the largest jump in more than four months. The bank partly owned by ABN Amro Bank NV reported a fourth-quarter profit of 224.6 million riyals, compared with a loss of 439.4 million riyals a year earlier.
Yanbu Cement Co. (YNCCO AB) advanced 1.6 percent to 46 riyals, its highest price in nine months. The Saudi Arabian cement maker said fourth-quarter profit increased 22 percent to 99.5 million riyals.