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Tue 29 Nov 2011 11:29 AM

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Saudi Arabia's benchmark bucks regional trend, ends lower

UAE markets get a late boost and end higher after an otherwise lacklustre session

Saudi Arabia's benchmark bucks regional trend, ends lower
Bahrains market ended lower, slipping 0.3 percent to 1,155 points

Saudi Arabia's index bucked the regional trend and ended lower.

Saudi Basic Industries (SABIC) weighed, slipping 0.3 percent while Sipchem fell 0.5 percent.

The benchmark declined 0.1 percent to 6,112 points.

UAE markets got a late boost and ended higher after an otherwise lacklustre session.

Emaar Properties ended 2.7 percent higher and telecoms operator du added 0.4 percent. Dubai's index advanced 0.2 percent to 1,370 points.

Abu Dhabi's measure ended 0.5 percent higher at 2,436 points, lifted by banks. National Bank of Abu Dhabi rose 2 percent and First Gulf Bank added 2.4 percent.

Most Gulf bourses ended higher. Kuwait's index gained 0.3 percent to 5,800 points, after the government submitted its resignation on Monday, while Qatar's benchmark rose 0.2 percent to 8,602 points.

Bahrain's market ended lower, slipping 0.3 percent to 1,155 points.

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