Post-Eid trading lifts Saudi stock market

August 3, 2014 6:01 pm

On the first trading day after Eid holidays, the Tadawul All-Share Index in Riyadh added 0.90 per cent to close at 10,302.88 points on Sunday, August 3.

SABIC, the world’s number one in petrochemicals and market bellwether,  gained 0.33 per cent to hit SAR129.

Al Hammadi Company For Development and Investment jumped 9.70 per cent, ending at SAR65 and finishing the session as the top gainer.

Saudi Automotive Services Company or SASCO added 0.55 per cent to reach SAR31.10. Earlier in the day, SASCO announced the date of releasing the cash dividends amounting to SAR33.75 million ($9.11 million) or SAR0.75 per share will start on Thursday 14th August 2014 through Al Rajhi Bank, where the dividends will be deposited in current accounts related to investor’s portfolio for eligible shareholders.

Gérard Al-Fil