Tuesday 29 March 2011

Saudi nears six week high; property stocks gain - Stocks - ArabianBusiness.com

Saudi Arabia's benchmark edged higher, rising for a seventh session in nine, but investors are cautious ahead of first-quarter earnings.

The benchmark climbed 0.2 percent to 6,519 points, nearing Sunday's six-week high.

Bluechips are mixed. Saudi Telecom Co fell 1.8 percent, but Saudi Electricity Co rose 1.5 percent.

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