MIDEAST STOCKS-Saudi shares gain as other Gulf markets fall - Reuters:
Saudi stocks rose in early trade on Monday, supported by gains in banking shares and corporate earnings, while other major Gulf markets moved lower.
Saudi Arabia’s benchmark index rose 0.2%. On Sunday, it posted its sharpest intraday fall since late August after oil giant Saudi Aramco (IPO-ARMO.SE) disclosed its intention to list shares.
Aramco on Sunday announced its intention to float on the domestic stock market in what could be the world’s biggest listing as the kingdom seeks to diversify its economy away from oil.
Banque Saudi Fransi advanced 1.2% and National Commercial Bank was up 0.5%.
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