MIDEAST STOCKS-Saudi rises in early trade, most of Gulf sluggish | ZAWYA MENA Edition:
"Saudi Arabia's stock market rose in early trade on Thursday, encouraged by strong global bourses and a slight rebound in oil prices, but most of the Gulf was sluggish because of mediocre corporate earnings.
The Saudi index gained 0.7 percent in the first 45 minutes in a broad-based rise. Gainers outnumbered losers by 147 to 20. The cement sector was particularly strong with 12 of its 13 members rising.
Saudi Investment Bank added 2.5 percent after saying it would pay an annual dividend of 0.6 riyal per share, up from 0.5 riyal for 2016."
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