Petrochemical and agriculture companies led Saudi Arabian shares to gain for a third day, rising to a one-week high, after oil prices advanced on a report fuel consumption increased in April.
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemicals maker, and Savola Azizia United Co. paced the gains. National Industrialization Co. (NIC) rose to its highest price in more than three years.
The 146-member Tadawul All Share Index (SASEIDX) gained 0.5 percent to 6,721.15, the measure’s highest intraday level since May 15, at 12:09 p.m. in Riyadh. Seven shares rose for every stock that dropped.
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