Real estate related economic and financial news covering the MENA region.
Saudi stock market starts the week buoyant
Aug 11, 2012
The Tadawul All-Share Index gained half a percentage point to reach 6,987.06. The Saudi exchange got tailwinds from rising oil prices which trade close to a 3.5-month high at $94 (U. S. crude). Bellwether share Sabic, the world's number one on petrochemicals, added 0.30% to hit SR91.25. Earlier in the day, Sabic said with reference to its announcement on Tadawul on July 18 of the approval of distribute dividends for the first half of the year 2012 at SR2 per share, payments will commence Monday, August 13.