Mideast Stocks - Gulf's relief rally pauses but Saudi extends gain on financials | ZAWYA MENA Edition:
"Most Gulf stock markets were flat to slightly higher early on Monday, pausing after they rallied on the previous day because of hopes that the Western military attack on Syria would not escalate into a wider conflict. But Saudi Arabia extended its gains on the back of financials.
The Saudi index was up 0.5 percent in the first half-hour. Insurance firm BUPA Arabia gained 4.0 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus share issue.
Banks were also up with Al Rajhi Bank gaining 1.5 percent, returning to the multi-year high hit last week."
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