Al Baha shines

Shares in Saudi Arabian investment conglomerate Al Baha Investment & Development jumped the 10 per cent daily limit to 19.80 riyals (Dh19.39).

The company reported third quarter after-tax profit of 381,109 riyals versus year-earlier loss of 259,460 riyals and a second-quarter loss. The stock rose above the 200-day average for first time this year, but faces major underlying technical resistance around 20 riyals.