Saudi Stock Index Gains 3.15 Percent

RIYADH, 12 June 2006 — Saudi shares rose across-the-board yesterday boosted mainly by speculative liquidity but traders said a new wave of profit-taking may occur anytime next week. The Tadawul All-Share Index closed 3.15 percent higher at 12,060.93 points after falling by up to 0.66 percent in early morning trade. Turnover amounted to SR24.13 billion ($6.43 billion) up 5 percent from Saturday, while volume rose more than 20 percent to 420.34 million shares.