MIDEAST STOCKS-Saudi edges up on banks; other Gulf bourses little changed - Reuters:
Saudi Arabian stocks edged up in early trade on Thursday, helped by gains in financial shares, while other major Gulf markets were little changed in thin volumes.
In Saudi Arabia, the benchmark index edged up 0.1% with Al Rajhi Bank gaining 1.2% and Saudi Basic Industries adding 0.3%.
Bupa Arabia gained 1.2% after it won a health insurance contract from National Commercial Bank, which was down 0.4%.
Separately, lead manager Samba Capital on Wednesday said the retail portion of Saudi Aramco’s initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion riyals ($8.69 billion).
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