MIDEAST STOCKS-Saudi rises in early trade, other markets move little | ZAWYA MENA Edition:
"Saudi Arabia's stock market rose in early trade on Wednesday as money flowed back into blue chips favoured by foreign investors after several days of profit-taking, while other markets in the region were mixed in narrow ranges.
The Saudi index was up 0.5 percent after an hour, with Saudi Basic Industries up by the same margin, PetroRabigh gaining 1.2 percent and Al Rajhi Bank 1.0 percent higher.
Loss-making Saudi Arabian home furnishings maker Al Sorayai Trading surged 4.6 percent, rising in unusually heavy trade for a fourth straight day; the company said chief executive Waiel bin Saad al-Rashid resigned immediately for personal reasons, and a replacement would be announced later."
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