MIDEAST STOCKS-Gulf dips in early trade, Aramco continues retreat | Nasdaq:
Major Gulf stock markets were subdued on Thursday as the absence of some foreign investors due to year-end holidays dampened trading activity.
Saudi Arabia's benchmark index .TASI inched down 0.1%, with Saudi Telecom 7010.SE dropping 1%, while state-owned Aramco 2222.SE eased 0.3% to 35.1 riyals ($9.35).
On Tuesday, Aramco said Goldman Sachs may stabilise its stock by purchasing additional shares on the market. The stabilisation period will end on Jan. 9, but so far no transactions have been executed.
Yanbu National Petrochemicals 2290.SE declined 1.1% after its board proposed a lower second-half dividend this year.
On the other hand, National Commercial Bank 1180.SE edged up 0.2% after the lender raised its dividend for the second half to 1.2 riyal per share.
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