Saturday, Mar 10, 2012
1245 GMT [Zawya Dow Jones]--Saudi shares end on a bright note, with investors cheered by Friday's upbeat U.S. jobs report, while Greece securing enough debt-swap commitments from private creditors to restructure and receive bailout funds also lifts the mood. Benchmark Tadawul Index closes +1.4% at 7481.27. "The weekend gave investors a chance to consider the strong performance so far this year and whether a correction similar to that in Dubai last week was warranted elsewhere. The positive flow of news is likely to override concerns about how fast markets have risen so far this year," says Paul Gamble, head of research at Jadwa. In terms of stocks, heavyweight Sabic climbs 3% to SAR104.75, while Dar Al Arkan ends -0.5% at SAR10.10. S&P late Wednesday lowered Dar Al Arkan to 'B+' from 'BB-' and placed the rating on credit watch with negative implications. (tim.falconer@dowjones.com)
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(END) Dow Jones Newswires
10-03-12 1247GMT
