MIDEAST STOCKS-Saudi hits one-month high; Global Telecom drags Egypt down | Reuters:
Saudi Arabia’s stock market closed on Sunday at its highest level since early November amid solid gains by a number of blue chips, while Egypt’s bourse closed in negative territory, dragged down by Global Telecom’s huge losses.
United Arab Emirates markets were closed for a public holiday while other Gulf markets were mixed in lacklustre trade.
The Saudi index jumped 1.8 percent, recording its highest level since Nov. 4 as Al Rajhi Bank rose 2.5 percent, and petrochemical giant SABIC added 2.2 percent.
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