Saudi Arabian Shares rose to the highest level in a month, led by petrochemicals, banks and telecommunication companies, on optimism about fourth-quarter earnings.
Saudi Basic Industries Corp. (SABIC), known as Sabic, advanced to the highest since Dec. 9, while Saudi Telecom Co. (STC) increased to the most in more than two months. Al-Rajhi Bank, the kingdom’s biggest bank by market value, climbed the most in five days.
The Tadawul All Share Index (SASEIDX) gained 0.7 percent to 6814.68, the highest since Nov. 14, at 2:36 p.m. Riyadh time.
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