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Saudi stocks hit 2009 high
- Saudi Arabia: Monday, October 19 - 2009 at 16:50
Saudi stocks rose to the highest level in a year after Saudi Basic Industries Corp, the world's largest petrochemicals maker, reported strong earnings. Sabic gained 6.33%, the most since August, to close on 84 riyals. National Industrialization Co was the day's big gainer, up 9.69% to close on 26.60 riyals. Overall, 119 stocks advanced while only 19 declined. The Tasi has gained 15% since the beginning of September, according to Bloomberg data.
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StaffMonday, October 19 - 2009 at 16:50 UAE local time (GMT+4)
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