MIDEAST STOCKS-Gulf markets sluggish in early trade as Saudi consolidates | Reuters:
Gulf stock markets were largely sluggish in early trade on Sunday, with Saudi Arabia consolidating Thursday’s gains when it closed at its highest level in two weeks.
The main index was down by 0.1 percent in the first hour of trading, with banks and petrochemical shares falling.
Saudi Basic Industries Co. (SABIC) was 0.9 percent lower after reporting a 5.4 percent rise in third quarter net product, which was slightly above analysts forecasts.
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