Mideast Stocks: Most Gulf Markets little changed in quiet early trade

Dubai's main share index edged up 0.2%, with Emirates NBD Bank rising 1%

  

Most major stock markets in the Gulf were little changed in early trade on Sunday.

Saudi Arabia's benchmark index gained 0.4%, led by a 0.8% rise in Al Rajhi Bank a 1.3% increase in petrochemical maker Saudi Basic Industries.

Dubai's main share index edged up 0.2%, with Emirates NBD Bank rising 1%.

The Abu Dhabi index eased 0.1%, hurt by a 1.2% fall in Abu Dhabi Commercial Bank and a 0.2% decrease in the country's largest lender First Abu Dhabi Bank.

On Wednesday, the United Arab Emirates' largest lender denied a local news report it was in merger talks with Abu Dhabi Islamic Bank

Shares of Abu Dhabi Islamic Bank added 0.5%.

In Qatar, the index lost 0.2%, with Qatar Islamic Bank losing 0.9% and Qatar National Bank, the Gulf's largest lender, was down 0.4%.

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

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