Tadawul index gains 0.53%
Saudi Arabia: Saudi shares mostly rebounded amid stabilizing oil prices. The Saudi Tasi index closed 0.53% higher at 5,496.72 points. Sabic rebounded by 1.28% to SR59.25. The Financial sector index stabilized (up 0.03%)although the Saudi newspaper Al Riyadh daily revealed the family holdings Saad and Al Gosaibi owe some $40bn to its creditors after their Bahraini banking branches defaulted, the highest figure which has been reported since both groups started tumbling in June. Alinma Bank, an Islamic bank, posted closed 0.28% higher at SR13.10. [AMEInfo.com]
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