SABB Takaful rebounds 3.76% at Tadawul market

06 October 2010

The Saudi Tadawul market gained 0.33% to close at 6,417.68, mostly lifted by energy and utilities shares. Saudi Electricity added 1.37% to close at SR14.85. On October 4, General Electric signed a contract worth $700m with Saudi Electricity for a new, high-efficiency power plant in Riyadh. Shares of Islamic insurer SABB Takaful surged 3.76% to close at SR19.30. The share lost over 40% of its value between January and September.

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