Saudi Arabian Shares Rise Led by Sabic and Saudi Telecom Co.
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Saudi Arabia’s benchmark stock index rose to the highest in a month, led by petrochemicals, banks and telecommunication companies, on optimism about fourth-quarter earnings.
Saudi Basic Industries Corp., known as Sabic, advanced to the highest since Nov. 7, while Saudi Telecom Co. increased the most in two months. Al-Rajhi Bank, the kingdom’s biggest bank by market value, climbed the most since Dec. 1.