Oil price rebound helps Tadawul bourse to stay on the rising track
2012-03-11 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Stock Exchange added 1.44% to reach 7,481.27 points Saturday. Slightly better-than expected jon figures the U. S. reported last Thursday and a rebound in oil price to $108 per barrel form the last week's $105 (U. S. crude) helped the sentiment. Market bellwether Sabic advanced three percent, closing at a nine-month high at $104.75. Construction and maintenance specialist Abdullah A. M. Al-Khodari Sons Company closed 0.90% higher at SR54.25. Earlier in the day the firm announced the completion of the signing of the contract with the Ministry of Water and Electricity for the construction of a sewage networks in Afif City (Phase 2). The contract is valued at SR 34.9m. 129 shares advanced and 15 declined.  

View full article...