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Rising oil prices keep Saudi Stock Exchange on track

 
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Kirk
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Joined: 01 Jan 1970
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PostPosted: Mon Feb 20, 2012 7:08 pm    Post subject: Rising oil prices keep Saudi Stock Exchange on track Reply with quote

The Tadawul bourse advanced for the third consecutive day, closing half a percent higher at 6,904.38 points. After The Islamic Republic of Iran announced on Sunday it has stopped oil sales to British and French companies, oil prices (U. S. crude) soared to a ten-month high at $105 per barrel. Sabic gained 1.58% to close at SR96.50. Amana Insurance posted the largest loss (off 4.22%).
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