Saudi market steady after IMF upgrade for kingdom

August 18, 2014 6:04 pm

The Tadawul All-Share Index closed 0.10 per cent higher at 10,650.09 points on Monday, Aug. 18.

Earlier in the week, the IMF upgraded its growth forecast for the oil-rich kingdom for 2014 to 4.6 per cent, from 4.1 per cent.

Market leader SABIC dipped 0.33 per cent to SAR128.50.

AXA Cooperative Insurance surged 9.92 per cent to hit SAR48.30.