Tadawul market surges to three-month high

25 September 2010

The Saudi Arabian stock market Tadawul opened strongly but failed to keep its momentum with a index gains above one percent. The benchmark Tasi index eventually finished at a three-month high at 6,453.13 (up 0.28%). Postive input from the U. S., where the Dow Jones Industrial Index gained 1.86% on Friday due to a slightly stronger report on durable goods orders, helped the GCC bellwether market. Petrochemical shares gained in particular, while the agriculture and telecom sector index posted losses.

The Saudi Stock Exchange (Tadawul) opened strongly but failed to keep its momentum with a index gains above one percent. The benchmark Tasi index eventually finished at a three-month high at 6,453.13 (up 0.28%). Postive input from the U. S., where the Dow Jones Industrial Index gained 1.86% on Friday due to a slightly stronger report on durable goods orders, helped the GCC bellwether market. Petrochemical shares gained in particular, while the agriculture and telecom sector index posted losses.

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