On Saturday, first trading day of the week Saudi Arabia’s Tadawul all shares index raise 3.2 percent to 5,200.17 points which is the uppermost level since Jan 7. The Tadawul is the only Arab exchange observing by Bloomberg. The shares index has increased 9.3 per cent this year after trailing more than half its price in 2008 as oil prices fall. Al Rajhi, the country’s major bank posted an achievement in quarterly revenue, as rumor grew that the worst of the credit crisis is now to near of the end and government actions will help revitalize the global financial system.

Al Rajhi, reported an 8.1 per cent increase in quarterly net income. The second biggest bank by market price Samba monetary Group higher as much as 6 per cent. And giant food producer Almarai Co. gained as much as 2 per cent later than posting a 22 per cent rise in quarterly earnings.

On Saturday Jadwa Investment Company said,

Share prices have picked up in recent weeks after hitting a 64-month low in the first half of March. It also added

This is largely the result of improvements in global markets and rising oil prices, as investors showed a good response to various gov’s stimulus packages.

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