Saudi edges up in first trade after Eid
Riyadh, November 3, 2012
Saudi shares started marginally up on Saturday as the stock market reopened following a week's holiday for Eid al-Adha, despite slight dips in both the banking and petrochemical indices.
The all-share index rose 0.10 per cent in early trading, with banking stock down by 0.02 per cent and petrochemical shares dipping by 0.12 per cent.
Heavyweights Saudi Basic Industries Corporation (Sabic) and Al Rajhi Bank were flat. Global stocks and crude oil prices retreated on Friday amid anaemic international growth forecasts.-Reuters