MIDEAST STOCKS-Gulf soft in early trade; Saudi insurer Metlife surges:
"Stock markets in the Gulf were mostly weak in early trade on Thursday with individual stocks reacting to company-specific news in Saudi Arabia, while Qatar continued to decline from a five-year low.
Saudi-based insurer Metlife AIG ANB Cooperative Insurance surged its 10 percent daily limit after the company announced that the industry regulator had approved the opening of three new outlets in Riyadh, Jeddah and Khobar. Metlife said the positive financial impact would be reflected in its fourth-quarter results.
Arabian Cement was up 0.4 percent after announcing that it is in initial talks with privately held Safwa Cement for a potential merger."
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