Tuesday 22 January 2019

Mideast Stocks: Earnings season lifts Saudis; major Gulf markets drop | ZAWYA MENA Edition

Mideast Stocks: Earnings season lifts Saudis; major Gulf markets drop | ZAWYA MENA Edition:

Saudi Arabian stocks inched up in early trading on Tuesday, lifted by a slew of corporate announcements, while most major Middle Eastern markets slipped.

Saudi Arabia's main index added 0.2 percent, with Petrochemical investor Alujain jumping 4.9 percent after an update on the fire at its affiliate's plant.

The fire broke out on Oct. 2 at its unit's NATPET plant and halted production. The company said it now expects the NATPET plant to start operating all units by the end of September.

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