MIDEAST STOCKS-Most Gulf mkts rise, China worries weigh on Saudi petchems | Reuters

MIDEAST STOCKS-Most Gulf mkts rise, China worries weigh on Saudi petchems | Reuters:



"* Saudi Alinma Bank drops after publishing Q1 results



* Saudi petrochemicals also edge down



* Some investors concerned about dependence on China -analyst



* Qatar National Bank rises before Q1 profit matches estimates



* Bank, construction stocks lift UAE bourses



By Olzhas Auyezov

DUBAI, April 9 (Reuters) - Banks and petrochemical stocks weighed on Saudi Arabia's bourse on Wednesday, in contrast to other Gulf markets where Qatar led regional gains.



The Saudi index slipped 0.2 percent to 9,543 points, despite recording its highest trading volume in two years.



Alinma Bank spearheaded turnover, dropping 2.1 percent after reporting its first-quarter results. Alinma's profit rose 33 percent to 293 million riyals ($78.13 million).



Petrochemicals were also in retreat. Saudi Kayan Petrochemical Co dropped 2.7 percent and Rabigh Refining and Petrochemical fell 2.2 percent."



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