Riyadhs Tadawul-index gained 2.81%, closing at 5,625.51 points. Securities of Al Baha Investment and Development Company and Kingdom Holding shared the top ranking by gaining 10% equally. The insurance sector index was the only losing segment, pulled down by Sanad Insurance (off 9.90%) and Walaa Insurance (nine percent lower). But Islamic insurance operator SABB Takaful bucked the trend by jumping 9.94%. However, according to Standard and Poors, no Saudi-based insurers or banks have succumbed to serious financial difficulties during the current economic turmoil, though some of the nonbank investment houses have experienced some pressures. A total of 106 shares advanced in Riyadh, while only 18 declined. Volumes, were on the rise: 429, 553,673 shares changed hands.
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The Gul
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