Saudi Tadawul index gains little

April 1st, 2009 | Posted in KSA by AME INFO | Comments

Saudi Arabia: Saudi investors remained catious ahead of the G20 summit starting tomorrow. Saudi-Arabia is the only Arab G20 country. The G20 stands for 85% of the world's econommic output. The Tadawul index closed 0.29% higher at 4,717.38 points, only because of a last-minute upswing. Market bellwether Sabic advanced by 0.73%, closing at SR42.10. The petrochemical conglmerate, also considered to be a GCC market indicator, gained territory step by step from its alltime low at SR34.1 on March 9 2009. Golf Union posted the biggest loss today (off 5.12%). [AMEInfo.com]