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Saudi Arabia stocks were higher after the close on Thursday, as gains in the Transport, Real Estate Development and Telecoms & IT sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share gained 0.52% to hit a new 3-months high.
The best performers of the session on the Tadawul All Share were Dar Alarkan Real Estate Development (SE:4300), which rose 5.61% or 0.56 points to trade at 10.54 at the close. Meanwhile, Rabigh Refining & Petrochemical Co (SE:2380) added 4.83% or 0.90 points to end at 19.52 and AXA Cooperative Insurance Company (SE:8250) was up 3.96% or 0.86 points to 22.60 in late trade.
The worst performers of the session were City Cement Co (SE:3003), which fell 2.56% or 0.30 points to trade at 11.40 at the close. Advanced Petrochemical Company (SE:2330) declined 2.05% or 0.91 points to end at 43.40 and Saudi Arabia Fertilizers Co. (SE:2020) was down 1.94% or 1.36 points to 68.70.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 108 to 73 and 2 ended unchanged.
Shares in Rabigh Refining & Petrochemical Co (SE:2380) rose to 52-week highs; rising 4.83% or 0.90 to 19.52.
Crude oil for February delivery was up 0.55% or 0.35 to $63.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.16% or 0.11 to hit $69.31 a barrel, while the February Gold Futures contract rose 0.23% or 3.10 to trade at $1322.40 a troy ounce.
The Dubai Financial Market General Index (DFMGI) advanced 36.42 or 1.04 per cent last week to end at 3,531.05. Nevertheless, market breadth was mixed with declining issues of 22 beating advancing at
The MSM30 ended the previous week on a decline note by 1.25 per cent at 5,024.06 mainly on weak companies’ results, investors’ cautious sentiment and thus moderate liquidity. All sub-indices closed d
Oman Daily Observer
Amid muted traded activity, the MSM30 Index remained subdued at 5,031.73 points, down 0.16 per cent. The MSM Sharia Index closed at 715.25 points, down 0.23 per cent. Al Madina Takaful was the most a
Times of Oman
Omani companies listed on the Muscat bourse need to strengthen transparency and disclosure to attract more local and foreign funds to the market, which will help to boost trading volumes.
Times of Oman
The Dubai Financial Market said on Wednesday it has introduced a new mechanism that enables brokers to execute transactions through a combined account and allocate the proceedings into clients accoun