MIDEAST STOCKS-Gulf stocks mixed, Saudi Ma'aden up 3 pct on strong Q1 earnings | Reuters:
"Gulf markets were trading mixed on Thursday, but some selective buying was seen in stocks on the back of strong earnings, such as in Saudi Arabian Mining Co (Ma’aden) and Saudi Arabia’s biggest lender National Commercial Bank (NCB).
The decision by the U.S. Federal Reserve to keep interest rates unchanged also provided some floor to the market, although there were fewer drivers for blue-chip stocks to go higher following recent gains.
Ma’aden shares rose almost 3 percent in early trade after it said its first-quarter net profit had more than doubled on higher sales and increased average realised prices of products."
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