Tadawul index ends 0.2% higher at 5,999.91 points

08 June 2010

Saudia Arabia's Tadawul market fell during the first two hours of trading. The Tadawul All Share Index (Tasi) then managed an impressive turnaround and ended 0.2% higher at the rare finish of 5,999.91 points. Saudi Real Estate Company gained 5.16% and closed at SR23.45. According to Cityscape Intelligence, organiser of the Cityscape Jeddah exhibition which runs from June 7 - 9, recent A.T. Kearney research has found that a number of GCC developers are well positioned to lead an urgently needed consolidation process in the regional real estate development industry. The report mentions Saudi-based Dar Al Arkan (-0.36% at SR13.65) positively. With oil prices rising near $72 per barrel until the close of trading in Riyadh, petrochemical bellwether Sabic continued to rebound, finishing 0.58% higher at SR86.25.

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