Saudi Tadawul bourse adds a quarter percent

23 August 2010

The energy and utiliies sector index (up 2.39%) was the main driving force behind the Tadawul market's advance of 0.26% on Monday., closing at 6,106.75 points. Saudi Electricity surged 2.59% at SR13.85. The Kingdom aims to invest $80bn in order to double ist power capacity until 2020. Saudi Arabia's Knowledge Economic City (KEC) and closed 1.69% higher at SR9.05. KEC shares were listed on August 9 at SR10.00 in a $272 IPO. Insurers and cement producers mostly last value.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.