Saudi Arabian Tadawul index shaves 7,900-resistance
2012-04-02 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Riyadh-based Tadawul All Share Index (Tasi) added 72.26 points Sunday and closed at 7,907.41, improving its position above the three-and-a-half-years high. KSA benefits from high, albeit slighlty declining oil prices and ist production boost. "Saudi oil production remains high, and may increase to compensate for Iranian oil output loss," said Farouk Soussa, Chief Economist Citigroup in his monthly Middle East macroeconomic analysis. Petrochemicals producer Sabic, also considered a GCC market indicator, gained 1.62% to reach an 11-month high at SR109.75.  

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