Saudi leads day’s gains as oil prices pick up

01/04/2009 00:00 AST

Saudi Arabia led four Gulf Arab stock markets higher yesterday. The benchmark advanced for the eighth time in 10 sessions, adding 1.54% to 4,704 points. Saudi Basic Industries Corp jumped 5.3% following a similar-sized decline the previous day. Dubai’s index fell 0.63% to 1,569 points, its third decline in four sessions. Abu Dhabi’s index dropped 1.81% to 2,488 points. Kuwait’s index increased 0.63% to 6,745 points, rising for the first time since a temporary government passed a $5.2bn state support package including guarantees on new loans. Oman’s benchmark dropped 0.84% to 4,629 points, its fifth straight loss, despite gainers outnumbering losers 16 to 10. Volumes fell to a 17-week low. Bahrain’s measure advanced for the first session in five, rising 0.45% to 1,596.


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SAMBA 26.98 1,138,683
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DARALARKAN 13.47 74,648,349

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TASI 7,871.67 71.90 (0.92%)

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