Tuesday 1 January 2013

STOCKS NEWS MIDEAST-Saudi shares close higher - Yahoo! News Maktoob

STOCKS NEWS MIDEAST-Saudi shares close higher - Yahoo! News Maktoob
Saudi stocks close higher on Tuesday with gains in all sectors after oil prices edged up on Monday and the U.S. Senate passed a deal to avert a "fiscal cliff" which threatened the world's largest economy.
The all-share ends 0.9 percent higher to 6,860 points and the petrochemical index jumps 1.8 percent to 5,959 points.
Heavyweight Saudi Basic Industries Corp. (SABIC) adds 0.6 percent and Saudi Fertilizers Co (SAFCO) gains 1.6 percent.

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