The Saudi Stock Exchange Tadawul began the week with a 0.7% profit on Saturday. Its Tasi benchmark ended at 6,354.09 points. Petrochemical giant Sabic jumped 2.11% to close at SR97. Sabic's CEO Mohamed Al-Mady denied German media reports that Sabic would be interested in Bayer's plastics business. Germany's Bayer AG is one of the world's largest chemical and pharmaceutical producer. Al-Mady told Bloomberg he's working on a polyurethane project with an undisclosed technology provider and plans to complete the plan "in the near future." Credit Suisse's global strategy team commented: "We think Sabic is unlikely to acquire the whole Polyurethane business of Bayer but rather their European operations only. This is because a/ the Asian business is fully integrated i.e. both polycarbonates and polyurethane are produced in the same facility (Sabic cannot buy the polycarbonates business on anti-competitive grounds) and b/ the overall size of the business is larger than what we think Sabic is willing to invest in acquisitions (>5bn Euros)."