Gulf stock markets surged this week, driven by Abu Dhabi’s $10 billion bailout for property conglomerate Dubai World.
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) continued uptick, closing on Saturday 0.81 percent higher at 6,203.85 points. Tadawul is currently 28.1 percent higher than the year’s start, according to the weekly report of Riyadh-based Bakheet Investment Group (BIG).
Saudi shares, which rallied last week pulled by the banking sector, sustained the upward pace on Saturday, the first day of trading in the week.
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