MIDEAST STOCKS-Saudi extends gains; other Gulf markets dip | Nasdaq:
Corporate announcements helped lift the Saudi Arabian stock market on Tuesday but most major Gulf bourses were driven lower by losses in financial stocks.
Saudi Arabia's main index .TASI added 0.7%, with Saudi Basic Industries (Sabic) 2010.SE gaining 1.5% and Saudi Arabian Mining Co 1211.SE jumping 5%.
Sabic rose for a sixth consecutive day. Saudi Aramco IPO-ARMO.SE in its initial public offering prospectus said it expected to close its acquisition of Sabic in the first half of next year.
Saudi Paper Manufacturing 2300.SE rose 6.3% after it said that accumulated losses declined to 7.84% of capital.
Abdullah Al Othaim 4001.SE rose 3.5% and Dallah Healthcare 4004.SE gained 1.9% as both proposed cash dividends, for the nine months and first half respectively.
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