Saudi Arabian shares rise for third day
Riyadh - Arabstoday
Saudi Arabian shares rose for the third day in four yesterday, reversing earlier losses, even as signs of slowing growth stoked concern that global fuel demand will weaken. Alinma Bank, an Islamic lender based in Saudi Arabia, and Saudi Kayan Petrochemical Co., a unit of Saudi Basic Industries Corp., led the gains, climbing 1.6 per cent and 1.5 per cent respectively. The 148-company Tadawul All Share Index strengthened less than 0.1 per cent to 6,116.71 at the close in Riyadh, erasing a drop of as much as 0.6 per cent. Three shares gained for every two that fell.
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