Saudi market stabilises after hitting six-year high
The Riyadh-based Tadawul All Share index closed 0.03 per cent higher at 9,744.12 points, amid neutral market breadth on Tuesday, May 6. Saudi Basic Industries (SABIC), the market’s bellwether, added 0.03 per cent and closed at SAR118.75. Wataniya Insurance dived five per cent to SAR102.50. Saudi International Petrochemical Company, known as SIPCHEM, declined by 0.84 per cent to SAR30.70. Earlier in the day, it revealed that operations were resumed in the Butaindiol plant, which was conducted from April 1for preventive maintenance.