MIDEAST STOCKS-Saudi extends gains as Aramco bounces back after recent falls - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market rose in early trade on Monday, partly driven by gains in Saudi Aramco on bargain-hunting after four straight sessions of losses.
Recent falls raised investors’ appetite to buy more shares to average down the cost of investment after having bought at higher prices, an investor told Reuters.
Aramco shares were last up 0.6% at 35.5 riyals.
Saudi Arabia’s key stock index was up 0.4%, heading for a seventh consecutive session of gain.
Saudi Industrial Investment Group climbed 3.5% after the company board recommended a 0.75 riyal per share dividend for the second half of the year.
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