Saudi shares end higher on Savola, Sabic

Saudi shares rose 2.5 per cent, driven by heavyweight Saudi Basic Industries Corp and food firm Savola, which posted better-than-expected second-quarter results.

The main benchmark closed up 2.5 per cent at 5,775 points.

Savola Group, Saudi Arabia's largest food products firm by market value, rose 1 per cent after posting a 17.5 percent fall in second-quarter profit which came in above forecasts.