Saudi Equity Movers: Sabic, Kayan, Zain Saudi Arabia, Kingdom
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The Tadawul All Share Index climbed less than 0.1 percent to 6,116.71 by the 3:30 p.m. close in Riyadh. The following were among the most active stocks in Saudi Arabia’s market today. Stock symbols are in parenthesis.
Zain Saudi Arabia (ZAINKSA AB) declined 2.4 percent, the steepest loss since Aug. 14, to 6.10 riyals after Kingdom Holding Co. (KINGDOM AB) and Bahrain Telecom Co. said they won’t proceed with an offer to buy a 25 percent stake in the kingdom’s third-largest mobile-phone company by market value for $950 million. Kingdom Holding’s shares gained 0.3 percent to 7.40 riyals.