Saudi Bourse Boost On Telecom Shares; Saturday

By Yomna Yasser On Apr 22, 2012

Saudi shares ended higher on Saturday, led by gains in telecommunication stocks.

The all-share index (TASI) gained 1.39 percent to 7618.07 points and petrochemical index added 1.22 percent to 6906.38 points.

The banking index ended 0.6 percent higher at 17490.17 points. Saudi Telecom Co closed up 3.16 percent, while Mobily and Zain Saudi were up 1.87 percent and 2.07 percent respectively, reported by Reuters.