Saudi Tadawul bourse shaves 6,700 resistance on Spain, oil prices


10/06/2012 23:14 AST  AME Info

The Tadawul All-Share Index gained 1.3 percent Sunday, closing at 6,749.49 points. Investors fetched new courage after Spain's move to demand a EUR100bn ($125bn) bailout package for its indebted banks. Advances in oil price (up 0.90% at $84.40 (U. S. crude)) also helped the market. Petrochemicals and metal producer Sabic gained 1.11% to reach SR91.25. Saudi Transport and Investment Company, known as Mubarrad, lost the most (off 2.40% at SR40.90). Today's market advance was broad as 139 shares advanced and seven declined (six closed even).

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