Article: SABIC stocks hit 10-month high.

JEDDAH/DUBAI: Saudi Basic Industries Corp. (SABIC) hit a 10-month closing high, lifting the Saudi benchmark, as investors bet on a global economic recovery boosting earnings, although most other Gulf Arab markets fell. Dubai and Abu Dhabi each ended six-session winning streaks, falling 0.5 to 2,030 points and 1.4 percent to 3,018 points respectively. Further selling in Zain helped Kuwait's index fall for a fifth trading day, but Qatar and Oman each added 0.4 percent. The Kuwaiti index fell 0.6 percent to 7,680 points and Qatari index climbed 0.4 percent to 7,129 points. SABIC rose 2.38 percent to SR76.75, taking its gains to 12 percent this month and reaching its highest ...

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