Tadawul market adds 3.25% in January -continued

January 31, 2012--The Saudi Arabian Tadauwul All Share Index advanced one per cent Tuesday, closing at 6,626.04 points. Market bellwether Sabic added likewise one per cent.
During the first month of the year, the Riyadh-based gauge gained 3.25%, the second highest GCC performance behind the Dubai Financial Market (up six per cent). Rising oil prices supported the sentiment. The barrel oil rose over 2.3% to reach $101 on concerns over an escalation of the tensions between the West and Iran.

Source: AME Info


Middle East ETP News
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