Saudi Arabian Shares Snap Longest Losing Streak in 20 Months
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Saudi Arabian shares rose for the first time in 11 days, snapping the longest losing streak in 20 months, as regional tensions eased and investors speculated the holiday shopping season in the U.S. will boost the economy.
Etihad Etisalat Co., the second-largest telecommunications operator in Saudi Arabia also known as Mobily, had the biggest gain in almost three weeks, and Samba Financial Group, the kingdom’s second-biggest lender, jumped to a one-week high.