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Saturday, 18 February 2012

Saudi Shares Gain as Signs U.S. Economy Growing Lift Oil Outlook - Bloomberg

Saudi Arabian shares rose after signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
Southern Province Cement Co. (SOCCO), the kingdom’s biggest cement producer by market value, reached its highest intraday price since August 2006. National Industrialization Co. (NIC), known as Tasnee, rose for the fifth day in six.
The Tadawul All Share Index (SASEIDX) rose 0.2 percent to 6,827.93 at 12:53 p.m. in Riyadh. The 151-member measure has gained 6.4 percent this year. More than four stocks rose for every stock that fell.