MIDEAST STOCKS-Gulf mostly little changed; financials drive Saudi up - Agricultural Commodities - Reuters:
Most major Gulf stock markets traded in negative territory early on Tuesday, but Saudi Arabia’s extended gains for a fourth day, led by financial stocks and corporate announcements.
The Saudi benchmark index rose 0.6%, driven by a 1.7% increase in Saudi Telecom Co and a 0.5% rise in Al Rajhi Bank.
Saudi Paper Manufacturing jumped 4% following its announcement that its accumulated losses declined to 7.84% of capital.
Elsewhere, Dallah Healthcare added 1% and Abdullah Al Othaim increased 0.8%. The duo proposed cash dividends for the first half and nine months respectively.
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