MIDEAST STOCKS-Gulf flat to lower in early trade, Saudi banks hold up:
"Most Gulf stock markets were flat to lower in early trade on Tuesday with Saudi Arabia’s banking and insurance sectors holding up after their rebound the previous day. The main Saudi index was flat after the first hour. Most Saudi banks edged up though Alinma Bank, which had jumped 2.3 percent in heavy trade on Monday after it reported better-than-expected earnings, fell back 0.2 percent. Malath Insurance surged 9.9 percent after the trading period for its rights issue ended on Monday. Another insurer, Metlife AIG ANB, jumped 4.5 percent."
'via Blog this'
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