Saudi Arabian shares erased earlier losses, sending the benchmark index to its highest close in 21 months, following approval by Greece’s Cabinet for deeper budget cuts required for a second aid package.
Dar Al Arkan Real Estate Development Co. reached its highest price since May, while Jabal Omar Development Co. (JOMAR) jumped the most this month.
The Tadawul All Share Index (SASEIDX) rose 0.1 percent to 6,804.03 at the 3:30 p.m. close in Riyadh, its highest level since May 2010. The 151-member measure erased earlier losses of as much as 0.3 percent, extending gains in the past three days to 1 percent.
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