Wednesday 6 February 2019

MIDEAST STOCKS-Financials weigh on #Qatar, most major Gulf markets gain | Reuters

MIDEAST STOCKS-Financials weigh on Qatar, most major Gulf markets gain | Reuters:

Most major Gulf stock markets rose on Wednesday with Dubai leading gains on the back of its financial stocks, while Qatar was pulled down by its banking shares.

Saudi Arabia's index inched up 0.1 percent with bank Samba Financial Group rising 2 percent and petrochemical maker Saudi Basic Industries gaining 0.8 percent.

Insurance provider United Cooperative Assurance Co climbed 6.3 percent after the Council of Cooperative Health Insurance renewed its licence for one year.

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