MIDEAST STOCKS-Most major Gulf markets subdued, Aramco retreats - Reuters:
Most Gulf stock markets were sluggish in thin trading early on Monday, with financials hurting Saudi Arabia and telecoms company Etisalat falling in Abu Dhabi.
Saudi Arabia’s benchmark index edged down 0.1%. Al Rajhi Bank lost 0.3% and Arab National Bank was down 0.9%, a day after its board proposed a lower second-half dividend.
Oil giant Saudi Aramco slipped 0.1%, after two days of gains. On Tuesday, Aramco said Goldman Sachs may buy more of its shares to support the price. The so-called stabilisation period will end on Jan. 9.
Riyad Bank added 0.3% after raising its dividend for the second half to 0.55 riyal per share.
No comments:
Post a Comment