Saudi Arabian shares climbed, led by petrochemical companies and banks, on reports that U.S. consumer confidence gained and as China pledged to bolster growth.
Saudi Basic Industries Corp. (SABIC), known as Sabic, the world’s largest petrochemical maker, rose 0.5 percent. Al Rajhi Bank (RJHI), the kingdom’s largest bank by market value, and Samba Financial Group (SAMBA) gained the most in four days.
The Tadawul All Share Index (SASEIDX) advanced 0.2 percent in Riyadh at 11:32 a.m. The 152-member index has rallied 10 percent this year.
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