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Saudi insurance stocks extend gains
- Saudi Arabia: Tuesday, September 29 - 2009 at 18:30
The Tadawul market successfully resisted selling pressure during the first hours of trading and closed at 6,279.47 points (up 0.84%). As yesterday, the insurance sector was the driving force behind the upturn. Saudi Arabian Cooperative Insurance Company advanced 6.67%, finishing at SR92.00 as one of the top gainers. Investors mostly sold Sabic (off 0.62% at SR79.75), after the share hit an 11-month high on Sunday. Aldrees Petroleum & Transport Services Co. posted the largest decline (down 3.71% at SR41.50).
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Gérard Al-Fil, Financial JournalistTuesday, September 29 - 2009 at 18:30 UAE local time (GMT+4)
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