Saudi Arabian shares rose to the highest level in almost three weeks, led by petrochemicals and telecommunication stocks responding to company announcements.
Etihad Etisalat Co. (EEC), the second-largest telecommunications operator in Saudi Arabia, jumped to a six-year high, while Saudi Arabian Fertilizer Co. (SAFCO), owned 43 percent by Saudi Basic Industries Corp., rose to the highest in more than four years.
The Tadawul All Share Index (SASEIDX) gained 0.8 percent to 6779.19 at 1:15 p.m. Riyadh time, the highest level since Nov. 18.
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