Saudi Arabian shares swung between gains and losses, with the benchmark index trading near a 21- month high, following approval by Greece’s Cabinet for deeper budget cuts required for a second package of aid.
Dar Al Arkan Real Estate Development Co. (ALARKAN) reached its highest intraday price in a week. Saudi Kayan Petrochemical Co. (KAYAN) gained for a second day after announcing two plants have resumed production gradually.
The Tadawul All Share Index (SASEIDX) rose 0.1 percent to 6,803.56 at 12:53 p.m. in Riyadh. The 151-member measure erased earlier losses of as much as 0.3 percent. More than three shares increased for every two stocks that fell.
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