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MENAFN - 06/01/2006

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(MENAFN) Saudi shares rose by 4.22 percent on the week ending Thursday, despite profit taking. The Tadawul All-Shares Index (TASI) closed the week at 17,457.61 points, up from last week's close of 16,749.95 .

Gizan Agriculture Development Co. was the top loser with its shares down by 7.90 percent. Other top losers include Cables and Maadaniyah .

Saudi Arabian Refineries Co was the top gainer with its shares up 25.04 percent. Other top gainers include Yamamah Cement Co, and Bishah Agriculture Development Co.

Saudi Electricity Company was the most active terms of volume whle SABIC was the most active interms of value.

Trading value for this week stood at SR148.5 billion (39.6 billion) down by 3.4 percent.

The Saudi market is the largest in the Arab world in terms of capitalization estimated at over 400 billion.

 






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