Saudi market gains further, despite audible war drums in the region
2012-02-26 - | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Arabian Tadawul index advanced 0.63% Saturday to reach 7,075.86 points. Two rather negative events could not stop the Riyadh-based measure. On Friday, the Dow Jones Industrial Average failed again to break through 13,000 points and ended flat at 12,982.95. Also, new speculations that Israel prepares a war against Iran to undermine country's atomic energy program, have the potential to dampen investor sentiment in the Middle East, although U. S. intelligence said Tehran was not working on nuclear weapons. Sabic consolidated above SR100, closing at SR101.25 (up 0.75%). Al Rajhi Company for Cooperative Insurance, known as Al Rajhi Takaful, soared 2.77% to close at SR65. Market breadth improved as 119 shares advanced while 22 declined.  

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