Pipe-making firms lifted the Saudi index on Monday as traders bet on likely infrastructure spending ahead of the kingdom's 2011 budget, while petrochemical shares rebounded following renewed oil price gains.
But most Middle East markets fell, with few new catalysts to spur investors to increase risk as the year-end nears.
Saudi Arabian Amiantit Co (2160.SE: Quote) climbed 5.3 percent and Arabian Pipe (2200.SE: Quote) jumped 10 percent.
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