Oil Updates — Crude dips on dampening demand outlook; Somalia rejects Genel Energy’s claim to oil permits

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 126.03 points — or 1.28 percent — on Wednesday, to close at 10,485.29, reflecting renewed enthusiasm in investor sentiment for the second day in a row.

The total trading turnover of the benchmark index scaled 29 percent to SR4.46 billion ($1.18 billion) from Tuesday’s SR3.45 billion. While…