MIDEAST STOCKS-Gulf mixed, insurers help Saudi Arabia:
"Gulf stock markets were mixed despite strong oil prices on Tuesday while Saudi Arabia’s insurance sector continued to recover from last week’s losses.
The main Saudi index inched up 0.2 percent. In the insurance sector, which sank last week on expectations for a shakeout in the sector caused by tougher regulation, Malath Insurance surged 9.9 percent after the trading period for its rights issue ended, while Metlife AIG ANB jumped 3.6 percent.
Banks were mixed. Alinma Bank, which had risen 2.3 percent on Monday after it reported better-than-expected earnings, fell back 0.3 percent. But Riyad Bank edged up 0.8 percent while Alawwal Bank gained 2.1 percent."
'via Blog this'
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