Sunday 24 December 2017

Mideast Stocks: Gulf markets narrowly mixed in early trade | ZAWYA MENA Edition

Mideast Stocks: Gulf markets narrowly mixed in early trade | ZAWYA MENA Edition:

"Gulf stock markets were narrowly mixed in quiet, early trade on Sunday, with Saudi Arabian petrochemical firm PetroRabigh 2380.SE extending a sharp gain made at the end of last week.

The Saudi index was almost flat after half an hour as PetroRabigh climbed a further 2.1 percent. On Thursday it had jumped 6.6 percent after Energy Minister Khalid al-Falih said the expanded section of its petrochemical complex would start operations in the first quarter of 2018.

Saudi Printing & Packaging gained 2.5 percent after saying its board had decided to remove Ghassan bin Mohammed Zaatari from the post of chief executive and appoint Fahad Ibrahim al-Mufarraj as managing director pending the appointment of a new CEO. The company did not explain why it made the change. "



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