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Article: Tadawul crosses 5,000-point mark.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- April 11, 2009
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Byline: Khalil Hanware
JEDDAH/AMMAN: Saudi shares reflected strong performance last week for the fourth week in a row, partly buoyed by the slowly rising oil prices and a strong wave of speculation on small caps, particularly insurance stocks.
The Tadawul All-Share Index (TASI) climbed 6.82 percent to 5,039.03 points last week.
SABB Takaful was the top gainer last week as its shares jumped 60 percent to SR108, followed by Allied Cooperative Insurance Group by 39.91 percent to SR79.75, Tawuniya by 29.31 percent to SR37.50, Trade Union Cooperative Insurance Co. by 29.29 percent to SR21.85 and Al-Ahlia Insurance Co. by 28.28 percent to SR44.
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