Saturday 20 September 2014
 
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saudi stocks

Saudi stocks 'richly valued but still attractive'

Middle East funds are bullish on Saudi Arabia's stock market despite concern it is getting richly valued, while they think the United Arab Emirates has bottomed out after a volatile few months, a Reuters survey showed. The Sau

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Petchems lift Saudi to 6-year high

Expectations of strong global demand for petrochemicals supported the uptrend in Saudi Arabia's stock market on Wednesday, lifting the bourse to a fresh six-year high, while Dubai builder Arabtec jumped on hopes that a key shareholder would

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MubasherTrade lists its top Saudi stocks

MubasherTrade Research, a unit of leading financial institution Mubasher Financial Services, has launched a list which highlights its top investment ideas across the Saudi market.  The KSA Favourite List comprises 16 equally-

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Saudi stock regulator plans to tighten rules

  The Saudi Capital Market Authority has begun consultations that could change how closing share prices are calculated and how long listed firms can trade with large accumulated losses, part of a dr

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Saudi falls below 7,000; oil drop weighs

  Saudi Arabia's bourse headed for its sixth straight loss, breaking below the psychologically important 7,000 level following a further drop in oil prices.   The kingdom's index slipped 1.3

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Saudi stocks close higher

Saudi shares closed higher on Saturday with gains in all sectors after oil prices rose on Friday for a third straight day. The all-share added 1.4 per cent to 7,481 points. The oil prices posted weekly gains as data showing

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Saudi stocks soar, hit fresh 3-year high

Saudi Arabia's bourse hit a fresh three-and half-year high, with heavyweight petrochemical and banking stocks leading the rally, even as most Gulf bourses experienced smart rallies. Bellwether Saudi Basic Industries Corp (Sabic) ticke

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Saudi stocks surge to 4-month high

Saudi shares ended at a four-and-a-half month high, as gains in the food sector following a US stake purchase worth nearly $1 billion outweighed losses in petrochemical stocks on lower oil prices. The food sector index added 2.8 per cent,

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Petchems gain lifts Saudi stocks

Saudi shares opened higher early on Saturday, lifted by gains in the petrochemical sector, after oil prices rose on Friday. The all-share index rose 1 per cent in early trading to 6,060 points and the petrochemical sector added two per cen

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Saudi stocks bounce back after early losses

The Saudi index bounced back from early losses to closes 0.1 per cent higher, helped by shares including banks. The all-share benchmark closed at 6,457 points, as the banking index edged up 0.04 per cent. Al Rajhi Bank gained 0.4 per cent

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