MIDEAST STOCKS-Saudi stocks close up, most other Gulf markets down | ZAWYA MENA Edition

MIDEAST STOCKS-Saudi stocks close up, most other Gulf markets down | ZAWYA MENA Edition:

Saudi stocks edged up on Monday with banks and industrial companies driving the index higher, while indexes in Dubai and most other parts of the Gulf slipped.

The Saudi index closed up 1.3 percent, with Al Rajhi Bank and Saudi Basic Industries Corporation the main drivers, climbing 2.5 percent and 1.9 percent, respectively.

The Dubai index closed 0.4 percent down, with Emaar Properties falling 1.4 percent. Dubai Islamic Bank closed 0.6 percent down.