MIDEAST STOCKS-Gulf stays sluggish but Saudi's PetroRabigh surges on strong results

MIDEAST STOCKS-Gulf stays sluggish but Saudi's PetroRabigh surges on strong results:

"Saudi Arabia’s stock market stayed soft in early trade on Tuesday despite a big rebound by petrochemical company PetroRabigh, while real estate-related shares again weighed on Dubai. The Saudi stock index dropped 0.3 percent in the first hour as PetroRabigh’s gain was offset by losses in the banking and insurance sectors. PetroRabigh jumped 5.6 percent in heavy trade; it reported third-quarter net profit of 706‍ million riyals ($188.3 million) versus a year-earlier loss of 211 million riyals, with sales surging 43 percent. "



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