Saudi shares close flat on Saturday, reversing earlier losses. The all-share closes at 6,809 points. The petrochemical index slides 0.2 percent lower at 5,781 points, dragged lower by heavyweight Saudi Basic Industries Corp (SABIC) lost 0.6 percent. The banking index closes 0.3 percent lower at 14,974 points.
Earlier on Saturday the kingdom's No 2 telecom operator Etihad Etisalat (Mobily) reported a 23 percent jump in third quarter net profits, beating expectations. The company's shares closed down 0.35 percent. Saudi shares start lower on Saturday, weighed by banking and petrochemical stocks, after oil prices fell on Friday. The all-share dips 0.8 percent to 6,759 points and the petrochemical index slides 0.9 percent to 5,742 points. Shares in petrochemical giant Saudi Basic Industries (SABIC) drop 0.8 percent in early trading. The banking sector also drops 0.7 percent to 14,911 points.
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