Saudi Arabian shares extended gains for a third day after crude oil climbed to a six-week high as euro-region leaders sought to persuade investors that plans to control the debt crisis will be sufficient.
Saudi Basic Industries Corp., the world’s biggest petrochemicals maker, strengthened to its highest price in almost two months. National Industrialization Co. and Samba Financial Group, the kingdom’s second-largest publicly traded lender by market value, paced the gains.
The 147-company Tadawul All Share Index rose 0.5 percent, to 6,522.52 at the 3:30 p.m. close in Riyadh, extending its three-day increase to 1.5 percent. Four shares rose for every stock that dropped.
No comments:
Post a Comment