MIDEAST STOCKS-Tasnee lifts Saudi, major Gulf markets mixed - Reuters:
Saudi Arabia’s stock market inched up on Thursday, partly helped by petrochemical firm National Industrialization Co (Tasnee), while Dubai was driven lower by its top bank.
Saudi Arabia’s index inched up 0.1 percent with Tasnee climbing 5.3 percent, to its highest since August 2018, and Al Rajhi Bank was up 0.1 percent.
Tasnee said that its unit Cristal completed the sale of its titanium dioxide business to Tronox Holdings. Cristal will receive a cash consideration of $1.673 billion and a 24 percent equity in Tronox.
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