2012-03-11 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Tadawul index added 0.7% to reach 7,533.74 points Sunday. Year-to-date, the KSA equity benchmark surged 17.39%. The gauge is hard on the heels of the Dubai bourse DFM (up 24.63% since January 1 2012). Asset price inflation in the kingdom goes hand in hand with consumer price inflation, which hit 5.03% in February, up from 4.98% in January, according to figures compiled by National Bank of Abu Dhabi. Shares of petrochemicals and metals producer Sabic extended their bull-rally, closing 0.72% higher at SR105.50. Aldrees Petroleum Transport Services Company dived 3.46% to SR41.80. Earlier in the day, the Riyadh-headquartered firm announced its fourth extra-ordinary assembly has approved "to increase the company's capital by 20%, from SR250m to SR300m through issuance of one bonus share for every five shares consequently increasing the number of shares of the company from 25m shares to 30m shares."  

View full article...