2005 News Story

TASI soars by over 400 points after jump in industrial index

The Saudi stock market yesterday reported a 4.73 percent increase in the industrial index that sent the Tadawul All Shares Index (TASI) soaring by 402.32 points to close at 14,675.29. The industrial index closed at 38,653.55, up 1,744.38 points, after a smart recovery by shares in the Saudi Basic Industries Corporation (SABIC), which skyrocketed by 5.18 percent to close at SR1,618 [U.S. $432,04].