Mideast Stocks: Major Gulf stocks down, Qatar up after new appointments | ZAWYA MENA Edition:
Saudi Arabia's stock index opened lower on Monday as some stocks were weighed down by poor earnings and blue-chip stocks were lacklustre, while weak bank shares dragged Dubai and Abu Dhabi stocks lower.
The Qatar market extended gains as investors greeted the news about the appointment of new heads to its giant state-run energy firm and deep-pocketed sovereign wealth fund as well as appointment of the CEO of its largest bank as its new trade minister.
Saudi's Tadawul bourse dipped 0.2 percent, as National Medical Care plummeted 10 percent on results that showed quarterly profit more than halved year-on-year.
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