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Article: SABIC stocks hit 10-month high.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- September 14, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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...Abu Dhabi, Jan.7th,2009/WAM/--Under the guidance ... Nahyan, President of the UAB and Ruler of Abu Dhabi, and His Highness Sheikh Mohamed bin Zayed AI N ahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAB Armed ...
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