The 14-day relative strength index of the Saudi gauge was at 24 at the end of last week, the lowest level since December.
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Dubai's DFM General Index led gains in the region, climbing to the highest in more than three weeks as the number of shares traded was almost double the six-month average.The Bloomberg GCC 200 Index, a gauge of 200 of the region's biggest companies, added 2.9 percent at 2:19 p.m. in Dubai, gaining for a third day.Emirates NBD, Dubai's biggest lender, led the emirate's benchmark index as just 211,000 shares were exchanged. The DFM General Index increased 4.9 percent to the highest level since Jan. 6, taking its three-day gain to 11 percent.First Gulf Bank PJSC was the biggest contributor to gains with a 12.4 percent jump, the most since May 2005 .Saudi Arabia's benchmark added 3.6 percent, taking its four-day gain to 8.5 percent.Bahrain's BB All Share Index rose 1.3 percent, also the most since December, and Qatar's QE Index advanced 2.3 percent.Kuwait Finance House rose 5.3 percent after the company's fourth-quarter profit climbed 10 percent and the board recommended a 17-fil cash dividend for 2015 and one bonus share for every 10 held.
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