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Feb 07 2012

MARKET TALK: Saudi Market Ends +0.1%; Takween Shrs Shine On Debut

Tuesday, Feb 07, 2012

1254 GMT [Zawya Dow Jones]--Saudi's Tadawul market ends +0.1% at 6743.55; bank stocks support. Shares of Takween Advanced Industries finish at SAR58.50 upon listing Tuesday. The company issued shares at SAR26 each, after raising $62 million in a January IPO. The offering was reserved for institutions that were contacted by the book-runner and Saudi individuals, according to Zawya.com. (nikhil.lohade@dowjones.com)

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

07-02-12 1306GMT

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