Saudi stocks rose in early trade on Saturday, led by banks, as the all-share index climbed 0.19 percent to 7075,79 points.
The heavyweight Al Rajhi Bank gained 0.37 percent.
Oil prices sank on Friday and Brent futures finished their first negative week since mid-January after an unexpected dip in US industrial production spurred concerns about lagging economic activity.
Kingdom Holding Co rises 4.48 percent after the international investment firm of Saudi billionaire Prince Alwaleed bin Talal said it and a consortium of investors have bought a SR1.5bn ($400m) stake in Chinese online retail firm 360buy Jingdong.
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