Saudi Stock Exchange steady on growth path
2012-01-09 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: After hitting a 5-month high Saturday, the Tadawul gauge in Riyadh added 0.25% today, closing at 6,467.61 points. According to the DIFC Weekly Economic Commentary, Saudi Arabia's non-oil exports increased 34% year-on-year to SR42.9bn in Q3 2011, "with China topping the list of importers - receiving up to 13% of total exports, followed by the UAE (10%), Singapore (7%) and India (6%). Product wise, petrochemicals came on top, valued at SR15.3bn, followed by plastic products and food products." Shares of petrochemical giant Sabic gained 0.80% to reach SR95.25. Saudi Hollandi Bank declined 0.67% to SR29.60. Earlier in the day, the Capital Market Authority (CMA) approved Saudi Hollandi Bank's request to increase its capital from SR3.3bn to SR3.96bn through issuing one bonus share for every five existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly.  

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