Monday 27 August 2018

MIDEAST STOCKS-Saudi trims gains; banks send Qatar 3.8 pct higher | Reuters

MIDEAST STOCKS-Saudi trims gains; banks send Qatar 3.8 pct higher | Reuters:

The Saudi market ended on a positive note for the second day in a row, while a 6 percent gain in Qatar National Bank boosted the Qatar index, as the country’s biggest bank rebounded from recent selling due to concerns about its Turkey exposure.

The Saudi index rose 0.3 percent, off earlier highs, with losers outnumbering gainers by 89 to 68 and with a trading volume close to its lowest levels this year. The index rose 1.4 percent on Sunday.

National Commercial Bank jumped 3.0 percent and Savola added 2.6 percent.

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