MIDEAST STOCKS-Saudi extends gains, Air Arabia propels Dubai - Reuters:
Saudi Arabia’s stock market rose on Tuesday, extending gains for a third straight session, while Air Arabia aided a Dubai rebound.
In Saudi Arabia, the benchmark index rose 0.5% with Al Rajhi Bank and Saudi Telecom gaining 0.9% and 0.7% respectively.
Mediterranean and Gulf Cooperative Insurance and Reinsurance (MedGulf) rose 0.8%. On Sunday, the insurer signed a health insurance contract with Saudi Electricity.
Elsewhere, Basic Chemical Industries increased 0.5%, a day after said it had completed 35% of the work on its chlorine production project at Jubail Industrial City.
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