Over 4.73 percent increase in the Industrial index sent the Saudi stock market soaring yesterday after a drop of 3.9 percent last week. The Tadawul All Shares Index jumped by 402.32 points or 2.82 percent to close at 14,675.29. The Industrial index closed at 38,653.55, up 1,744.38 points.
Smart recovery by Saudi Basic Industries Corp. (SABIC) shares also helped to boost the index. SABIC shares skyrocketed by 5.18 percent to close at SR1,618, according to a report published today by Arab News.
