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Thursday, 24 November 2016

MIDEAST STOCKS-Rising Saudi market on track to break technical resistance | Reuters

MIDEAST STOCKS-Rising Saudi market on track to break technical resistance | Reuters:
"Saudi Arabian shares continued their advance during early trading on Thursday while there was a mixed showing in light volumes for the rest of the region's markets.

Riyadh's index added 1 percent within the first 20 minutes of trade, extending the previous session's 3 percent gain.

If trading momentum continues to build on Thursday, it could confirm a break above technical resistance at the July high of 6,703 points and head towards the next at its April peak of 6,876, its highest this year.

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