Saudi Arabian shares gained for a second day, led by agriculture and food stocks, as the purchase of stakes in two food and beverage producers by U.S.-based companies boosted sentiment.
Savola Al-Azizia United Co., a Saudi food maker, is on its longest winning streak since February 2010 and Jarir Marketing Co. is headed toward a record high.
The Tadawul All Share Index added 0.1 percent to 6,246.94, at 12:01 p.m. in Riyadh. The 149-company gauge extended its two day gain to 0.9 percent. Four stocks rose for each that declined.
Savola Al-Azizia United Co., a Saudi food maker, is on its longest winning streak since February 2010 and Jarir Marketing Co. is headed toward a record high.
The Tadawul All Share Index added 0.1 percent to 6,246.94, at 12:01 p.m. in Riyadh. The 149-company gauge extended its two day gain to 0.9 percent. Four stocks rose for each that declined.
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