MIDEAST STOCKS-Markets move little but Qatar buoyed by rate pledge | Reuters:
"Middle East stock markets moved
little in modest trading volumes on Sunday as uncertainty over
oil prices and the global market environment kept many investors
away.
The Saudi stock index climbed 0.4 percent as real
estate developer Dar Al Arkan gained 1.5 percent after
news that the government planned to convert a state-owned
housing fund into a bank, which could boost provision of housing
finance in the kingdom.
Several insurance stocks were again among the top gainers
after a bullish report on the sector last week by Standard &
Poor's, which said gross insurance premiums in Saudi Arabia
could rise nearly 25 percent this year, mainly because of tariff
increases. "
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