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More than 703 Palestinians have been killed in the West Bank since the Hamas-led attack on Israel on October 7
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Saudi shares shoot up four per cent
RIYADH Saudi shares surged four per cent on the week opener Saturday to a two-month high amid heavy trading as investor confidence appears to have been boosted by the US-led military campaign in Iraq, economists said.
The Tadawul All-Shares Index (TASI) finished trading yesterday on 2,693.10 points from Thursday's closing of 2,590.10 points, going above the 2,600-point psychological barrier for the first time in one month.
Trading at the Saudi bourse is carried out in two morning and evening sessions yesterday through Wednesday and one session on Thursday. Friday is the weekend in this Muslim kingdom.
"The shares market is the best choice for Saudi investors now. Prices are very attractive for buying," following weeks of decline, Abdulwahab Abu-Dahesh, senior economist of Riyad Bank said.
The TASI is now up seven per cent on the end of 2002, but down eight per cent on its all-time high of 2,927.23 points recorded last May.
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