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TASI on the upswing
The Saudi Gazette Published in The Saudi Gazette on 27 - 10 - 2009

Saudi Arabia's Tadawul All-Share Index (TASI) rose by 0.55 percent to 6,563.5 with all sectors moving upward, led by transport which rose 1.93 percent.
Overall, 93 stocks finished higher, while 24 ended lower. Alinma Bank, the day's most heavily traded stock, gained 1.44 percent to close on SR14.05.
Saudi Arabia's benchmark index ended higher for the second time this week, led by Saudi Basic Industries Corp, which rose 0.9 percent. The index was up 0.6 percent to 6,564 points, narrowly below Saturday's 12-month closing high.
Riyad Bank and SABB added 1.4 and 1.9 percent respectively.
SABIC has reported net profit in the third quarter of 2009 down 50 percent year-on-year at SR 3.6 billion (640 million euros).
The fall was due to the sharp decline in the global prices of petrochemical, plastic and metal products as a result of the global recession.

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