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โข Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday, causing a rise in shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac on Friday.
โข Oil prices were little changed in early Asian trade after slipping about 5% on Thursday due to concerns over global demand.
โข The decline in oil prices benefits paint companies as it increases their margins and lowers input costs, leading to higher profitability.