Mideast Stocks-Banks lift Saudi index; Qatar little changed

National Commercial Bank rising 1% and Saudi British Bank advancing 2.6%

  

The Saudi Arabia stock market rose in early trade on Sunday, led by gains in financial shares.

The Saudi benchmark index firmed by 0.5%, with National Commercial Bank rising 1% and Saudi British Bank advancing 2.6%.

Elsewhere, petrochemicals investor Alujain Holding surged 7.6%, having reported last week that its second-quarter loss narrowed to 46.4 million riyals ($12.37 million) from a loss of 78.7 million riyals a year earlier. 

In Qatar, the index slipped 0.1%, with lender Masraf Al Rayan down 0.8%.

** The Dubai and Abu Dhabi markets were closed for a public holiday.

($1 = 3.7501 riyals)

(Reporting by Ateeq Shariff in Bengaluru Editing by David Goodman) ((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))


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