a trader looks on near electronic boards showing stock market data at bahrain bourse after joe biden won the us presidency in manama bahrain november 8 2020 reutershamad i mohammed oct 6 reuters  saudi arabias stock market rose in early trade on wednesday to its highest in nearly 14 years amid rising oil prices while the dubai index was on course to register its fourth day of losses brent crude prices also climbed for a fourth day on supply anxiety particularly after the organization of the petroleum exporting countries opec and its allies known as opec decided on monday to stay with their planned output increase rather than boosting it further saudi arabias benchmark index tasi added 07 with al rajhi bank 1120se rising 14 while oil giant saudi aramco 2222se advanced 18 to 3775 riyals per share nearing a 2 trillion evaluation aramco will complete its 1 million barrel per day bpd oil output expansion project by 2027 to bring its total production to 13 million bpd its ceo said on monday aramco also aims to expand its oil trading business to 8 million bpd over the next five years from its current 55 million bpd he added the united arab emirates nonoil private sector continued to expand in september as recovery from the covid19 pandemic in the middle east trade and tourism hub remained strong although job creation slowed a business survey showed on tuesday read more in abu dhabi the index adi edged up 01 helped by a 12 rise in abu dhabi commercial bank adcbad reporting by ateeq shariff in bengaluru editing by krishna chandra eluri