Saudi Arabian shares, led by petrochemical makers, rallied to their highest level since August as post-Eid investors reacted to leadership changes in Greece and Italy.
Saudi Basic Industries Corp., the world’s largest petrochemicals producer, gained more than 1 percent, while Arab National Bank advanced more than 3 percent.
The 149-company Tadawul All Share Index rose 0.6 percent to 6,251.60, the highest intraday level since Aug. 6, at 1:35 p.m. in Riyadh. Eight shares increased for every stock that fell.
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