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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.
Trading activity remained muted and the MSM30 Index ended at 4,756.03 points, down 0.11 per cent. The MSM Sharia Index declined 0.68 per cent to close at 658.15 points. Bank Nizwa was the most active
Times of Oman
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“CMA has been
Oman Daily Observer
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