Al Rajhi Bank and John Sfakianakis

Abu Dhabi: The Tadawul All Share Index added 0.9 percent to close at 9,814.65, the highest level this month, according to Bloomberg. Al Rajhi Bank, the lender with the biggest weighting on the gauge, led advances and finished at the strongest since Oct. 13. Abu Dhabi shares declined amid a slump in the value of equities traded. Abu Dhabi ADX General Index slid 1 percent, its first drop in six days. Oil has been doing quite well for the last few sessions, holding near $67 a barrel, which is adding to investor confidence. The Saudi market is edging closer to opening up its doors to foreign investors, which is pushing local investors to position themselves ahead of the actual event, John Sfakianakis, the Riyadh-based director of the Middle East at investment manager Ashmore Group Plc, said by phone. (news.financializer.com). As reported in the news.