Riyadh
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.9 percent, or 75 points, to 8,612 points on Thursday, snapping a four-day losing streak. Total turnover reached SR 9.3 billion ($2.48 billion), with the advance-decline ratio at 66:121. Banking major Al Rajhi gained 3.5 percent to SR 74.20, while blue-chip SABIC edged up 0.4 percent to SR 99.40. Saudi Ceramic surged 5.3 percent to SR 48.65, as the company planned a 33.3 percent capital hike to SR 800 million through bonus shares. Over 5.2 million shares were traded, recording the highest volume since 2007.— Reuters
