Saudi Arabian Shares Advance Most in One Week, Led by Al Rajhi

Saudi Arabian shares rose the most in a week, led by Al Rajhi Bank, the kingdom’s biggest lender by market value.

The Tadawul All Share Index rose 0.7 percent to close at 6,296.18, its highest close since Nov. 7. The index has gained 31 percent this year after losing more than half its value in 2008 as oil prices dropped.

Al Rajhi Bank rose 2 percent, its biggest gain in a month, to 76.5 riyals. Banque Saudi Fransi, the Saudi lender owned by Credit Agricole SA, advanced 2.3 percent to 43.7 riyals while Samba Financial Group, the second-biggest bank in Saudi Arabia by market value, climbed 1.5 percent to 52.5 riyals.