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DUBAI, Aug 28 (Reuters) - Stock markets in Saudi Arabia and Qatar made a partial recovery on Sunday from last week's losses, with other Gulf markets mixed in quiet trade.
Saudi Arabia's index
.TASI
added 0.5 percent in the first hour of trading. Petrochemicals group Saudi Basic Industries
2010
SE> dropped 1.5 percent as it went ex-dividend, but many stocks reliant on domestic demand gained ground after sliding last week on concern over the kingdom's economic slowdown.
Builder Abdullah Abdul Mohsin al-Khodari and Sons
1330.SE
climbed by 8.6 percent after it renewed a 132 million riyal ($35.2 million) Islamic credit facility, allowing it to obtain working capital for projects, and won a 69 million riyal contract from the water ministry.
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Dubai
.DFMGI
edged 0.3 percent higher, buoyed by a 0.9 percent gain by Emaar Properties
EMAR.DU
. Abu Dhabi
.ADI
dipped by 0.2 percent, with the 10 most heavily traded stocks barely moving.
Qatar's index
.QSI
rose 0.4 percent as top lender Qatar National Bank
QNBK.QA
rebounded 1 percent.
Drilling rig provider Gulf International Services
GISS.QA
added 1.4 percent after the Qatar exchange said that index compiler FTSE had added GIS to the list of companies eligible for its secondary emerging markets index.
FTSE's original list of 20 companies did not include GIS, sending the stock 1.4 percent lower on Thursday. FTSE will publish a confirmed list of stocks to be included in its index after the market closes on Wednesday.
(Reporting by Andrew Torchia; Editing by David Goodman) ((andrew.torchia@thomsonreuters.com)(+9715 6681 7277)(Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
Saudi Arabia's index
Builder Abdullah Abdul Mohsin al-Khodari and Sons
Dubai
Qatar's index
Drilling rig provider Gulf International Services
FTSE's original list of 20 companies did not include GIS, sending the stock 1.4 percent lower on Thursday. FTSE will publish a confirmed list of stocks to be included in its index after the market closes on Wednesday.
(Reporting by Andrew Torchia; Editing by David Goodman) ((andrew.torchia@thomsonreuters.com)(+9715 6681 7277)(Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))