Mideast Stocks: Alinma Bank and SABIC lead Saudi up, Dana Gas weighs on Abu Dhabi | ZAWYA MENA Edition

Mideast Stocks: Alinma Bank and SABIC lead Saudi up, Dana Gas weighs on Abu Dhabi | ZAWYA MENA Edition:

"Most Gulf stock markets opened in positive territory on Sunday on the back of last week's gain in oil prices, although the Abu Dhabi index fell slightly, pulled down by energy producer Dana Gas. The Saudi index gained 0.4 percent in the first hour in a broad rise. Blue chip Saudi Basic Industries Corp was up 0.3 percent after reporting a 5.4 percent rise in first-quarter net profit, broadly in line with analysts' forecasts. Islamic lender Alinma , one of the most heavily traded stocks, climbed 0.5 percent after reporting a quarterly profit rise of 38 percent on year."



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