Capital gains
Saudi Ceramic jumped 5.3 per cent after its board of directors recommended a 33.3 per cent increase in capital by granting one bonus share for every three in a move to make the capital match the size of its business and assets and to support future expansion.
The Dubai Financial Market dipped 1.5 per cent to 2,671 points. Air Arabia slumped 4.7 per cent to Dh1.2 as the aviation sector lose out on momentum from fresh travel curbs. The stock dropped for a second straight day to close out the week down nearly 4 per cent after shedding 6.6 per cent the week before.
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