Saudi Arabia's small and mid-cap stocks drove the market to a fresh 15-week high on Monday amid optimism over further policy action by the U.S. Federal Reserve, but most other Gulf bourses slipped on profit-taking following recent gains.
The kingdom's index rose 0.5 percent to its highest finish since May 13. Major real estate developer Dar Al Arkan climbed 0.5 percent, Nama Chemicals jumped 5.5 percent and Alinma Bank added 0.4 percent.
Insurance stocks, a favourite of local retail investors, rallied with the sector's index advancing 1.0 percent.
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