MIDEAST STOCKS-Qatar biggest gainer as major Gulf markets rise - Agricultural Commodities - Reuters:
Saudi Arabia's stock market closed on a
positive note on Tuesday, supported by gains in financial
shares, while Qatar was up a day after the country announced its
biggest budget in five years.
The Saudi benchmark index was up 0.7%. But Al Rajhi
Bank lost 0.9% and National Commercial Bank
fell 1.4%.
On Monday, NCB and Riyad Bank decided to end
preliminary merger talks, the two said in separate stock
exchange filings. Riyad Bank slid 3.2%.
National Shipping Company of Saudi Arabia (Bahri)
jumped 4.4%, to its highest since July 2017, after it signed a
contract with a saline water conversion company to supply
desalinated water from floating stations.
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