Mideast Stocks: Saudi rises on banks, technical glitch hits Qatar | ZAWYA MENA Edition:
Saudi Arabia's stock market rose in early trading on Thursday, boosted by bank shares, while the Qatar stock exchange suffered a technical failure and cancelled some trades.
Saudi Arabia's main index was up 0.6 percent after an hour. National Commercial Bank 1180.SE , the largest Saudi lender, added 1.3 percent.
Anaam International Holding Group surged 4.6 percent in heavy trade after it signed a non-binding memorandum of understanding to buy real estate and commercial assets owned by Abdullah Abbar & Sons Cold Stores and Dar Al Abbar Co. The companies will get new shares issued by Anaam as part of the deal.
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