Saudi shares close lower on Saturday on petrochemical losses despite rising oil prices. Brent crude futures closed at $123.43 a barrel on Thursday before holidays began in major markets.
The all-share closes 0.4 percent lower at 7862.5 points and the petrochemical index closes 1.2 percent down at 7353.03 points.
Petrochemical giant Saudi Basic Industries Corp (SABIC) slips 0.9 percent.
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