Saudi Arabian shares rose for a third day, sending the benchmark index to its highest level in almost six months, as investors weighed prospects for earnings.
Almarai Co. (ALMARAI), the desert kingdom’s largest food producer, climbed to a three-week high after saying it will increase its capital. Etihad Etisalat Co. (EEC), the country’s second-largest phone company by market value, also known as Mobily, reached its highest price since October.
The Tadawul All Share Index (SASEIDX) strengthened 0.1 percent to 6,494.77, the highest level since July 24, by the 3:30 p.m. close in Riyadh. The 150-member gauge erased a drop of as much as 0.3 percent.
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