MIDEAST STOCKS-Gulf mostly little changed; financials pressure Saudi - Agricultural Commodities - Reuters:
Gulf stock markets were mostly quiet in moderate trading volumes on Wednesday in the absence of foreign investors for Christmas, while Saudi was hurt by losses in financial shares.
The Saudi index fell 0.3% as Al Rajhi Bank lost 0.5% and fellow lender National Commercial Bank dropped 0.6%.
State-owned Aramco slipped a further 0.4% despite Goldman Sachs saying that it may stabilise its shares by purchasing additional shares on the market.
But Gulf Union Cooperative Insurance gained 2.6% after it signed a non-binding memorandum of understanding with Al Ahlia for Cooperative Insurance to evaluate merger. Al Ahlia advanced 5.6%.
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