JEDDAH, 1 September 2005 — The Saudi stock market recovered slightly despite losses suffered by major Industrial and Banking indices yesterday.

The Tadawul All Shares Index (TASI) was marginally higher by 22.90 points at 14,857.22.

The Banking index closed at 32,331.14, down 71.41 points while the Industrial index was lower by 5.47 points at 39,209.43.

Most of the bank stocks were trading lower except Banque Saudi Fransi and Bank Albilad shares which closed slightly higher at SR1,214 and SR742, respectively. Bank AlJazira shares fell 1 percent to close at SR891.

The Saudi British Bank (SABB) and Samba Financial Group shares closed down at SR1,282 and SR879.75, respectively. Al-Rajhi Banking & Investment Corp. shares fell to SR1,784. Saudi Cable Company (SCC) shares surged 7.82 percent at SR296.50 followed by Saudi Livestock by 5.99 percent at SR101.75.

Arabian Pipe Company shares dropped 1.21 percent at SR491 followed by Zamil Industrial by 1.07 percent at SR553.25.

Saudi Basic Industries Corp. shares also suffered slight fall to close at SR1,640.75.