SABIC, Riyad Bank Lift Saudi Index

RIYADH, 3 January 2008 — Saudi Basic Industries Corp. and Riyad Bank lifted Saudi Arabia’s main index to close higher a day after it posted its sharpest single-day decline since June 16. SABIC gained 2.22 percent. Riyad Bank rose 3.83 percent. The Tadawul All-Share Index (TASI) climbed 0.46 percent to 10,892.64 points. It has risen almost 41 percent last year.