The Tadawul All Share Index rose 0.22 percent to 6,138.06 at close Saturday. Alsorayai Group gained 1.2 percent to SR21.35. The Saudi manufacturer of carpets and rugs opens an outlet Saturday in Dalton, Georgia. The opening of the $3 million center will be reflected in the company's financial results in the coming years, Alsorayai said in a statement. Kingdom Holding Co. rallied 0.7 percent to SR7.45. The company controlled by Prince Alwaleed bin Talal said the group planning to buy Zain Kuwait's stake in Zain Saudi Arabia expects to complete due diligence by the end of this month. The group intends to complete the proposed acquisition, Kingdom said. National Shipping Co. added 0.4 percent to SR11.85 after the Saudi operator of crude oil and chemical tankers said its National Chemical Carriers Ltd. Co. unit has received a new chemical tanker. The financial impact of the NCC Nasma's delivery is expected to be felt starting in the third quarter, the company said. Saudi Basic Industries Corp. lost 0.3 percent to SR94.25 after the world's largest petrochemicals company was cut to “equalweight” from “overweight” at Morgan Stanley.
