MIDEAST STOCKS-Petrochemicals aid Saudi shares, UAE up on financials - Reuters:
Saudi Arabia’s stock market edged up on Wednesday, led by petrochemical shares, while gains in financials lifted Dubai and Abu Dhabi stocks.
In Saudi, the index edged up 0.1%, with Saudi Basic Industries gaining 1.6% and National Commercial Bank (NCB) adding 0.5%.
On Monday, NCB and Riyad Bank decided to end preliminary merger talks, the two said in separate stock exchange filings. Riyad Bank was up 0.9%.
However, Saudi Aramco’s shares were down 2.1%, at 37 riyals ($9.87), on the first day of their inclusion into the MSCI emerging markets index.
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