Tuesday 9 October 2018

Mideast Stocks: Petrochemicals pressure Saudi, Gulf mostly quiet early on | ZAWYA MENA Edition

Mideast Stocks: Petrochemicals pressure Saudi, Gulf mostly quiet early on | ZAWYA MENA Edition:

Most Gulf stock markets rose marginally in thin trade early on Tuesday, while Saudi Arabian petrochemical stocks pulled down that market.

Saudi Arabia's index edged down 0.3 percent in the first 45 minutes with Saudi Basic Industries slipping 0.2 pecent and Yanbu National Petrochemicals shedding 0.9 percent.

Al Tayyar Travel fell 2.2 percent after selling its 30 percent stake in Thakher Investment for 377.4 million riyals ($101 million). The company said the financial impact of the sale would appear in the third quarter.

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