Petrochemical and banking sector led Saudi shares to their highest close in more than three months after the announcement of better-than-expected earnings that included largest-listed lender Al Rajhi Bank.
The all-share index, Tadawul, closed 3.2 per cent higher at 5,200 points, its highest since January 7.
Rajhi closed 6.28 per cent higher and leads gainers among blue chips. Largest-listed Saudi Basic Industries Corp ended 4.61 per cent higher after its affiliate Saudi Fertilisers Co posted a 27.4 per cent fall in first-quarter net profit, which was better than analysts' forecasts. Safco shares added 1.25 per cent.
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