Kingdom Holding hits two-month high

: Thursday, April 10 - 2014 @ 17:52

Losses in the financial and petrochem sector weighed on the Saudi stock market on Thursday, April 10.  The Tadawul All Share Index fell by 0.36 per cent to 9,508.57 points on Thursday, April 10. Speaking at the fourth annual investment forum of Al Masah Capital in Dubai, Arnout van Rijn, vice-president at Robeco in Hong Kong said, while Saudi Arabia was an attractive economy, “it is unlikely open to foreign investors soon.” SABIC closed flat at SAR117. Islamic bank Alinma was one of the most liquid shares and ended down by 1.10 per cent at SAR18.10. Kingdom Holding, the investment vehicle of Saudi prince and billionaire A Walid Bin Talal Bin Abdulaziz Al-Saud, bucked the trend and finished 1.85 per cent higher at SAR24.35.

Gérard Al-Fil

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Thursday, April 10- 2014 @ 17:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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