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Tadawul market regains momentum

Like the Kuwaiti equity index, the Tadawul All-Share Index closed 0.50% higher on Thursday, reaching 7,893.67 points. Market breadth switched back to the bullish mode as 117 advanced, while 23 declined in value. Sabic, the world's biggest producer of petrochemicals and a local and regional bellwether, added 0.26% to hit SR97.50. ACE Arabia Co-operative Insurance Company jumped 2.14%, finishing at SR59.75. Earlier in the day, ACE said it received approval for the renewal of its accreditation of the council of cooperative health insurance.