Saudi Shares rebound from early losses to close 0.8% higher

The Saudi markets rebounded on Saturday as Saudi Basic Industries (Sabic), the world’s biggest chemical maker by market value, climbed to the highest close in six months.

Sabic gained 3.4%. National Industrialization Co., which holds interests in industrial and manufacturing firms in the kingdom, gained the most in two weeks.

Sabic climbed to SAR69.25, the highest close since 5 November. National Industrialization advanced 6.1% to SAR20.85.