Saudi Arabia's bourse hovers near flat as gains in petrochemical stocks fail to outweigh declines in other sectors.
The index eases 0.02 percent to 6,761 points, holding on to December's gains of 3.5 percent.
NCB Capital raised its rating on National Petrochemical to 'neutral', and remains 'overweight' on Saudi Basic
Industries Corp (SABIC), Saudi International Petrochemical (SPICHEM) and Sahara Petrochemical.
SABIC gains 0.6 percent, SIPCHEM rises 0.3 percent, while Sahara slips 0.4 percent.
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