MIDEAST STOCKS-Saudi falls on bank losses; other Gulf markets quiet - Reuters:
Saudi Arabian stocks opened lower on Thursday, extending previous losses, after declines by banking shares. Other major Gulf markets were little changed.
The Saudi index fell 0.3% in early trade as Al Rajhi Bank declined 0.5% and Samba Financial Group was down 1%.
Among other stocks, Saudi Basic Industries decreased 0.8%.
Saudi Aramco’s bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicated price range, Reuters reported, citing three sources familiar with the deal, potentially making it the world’s biggest IPO.
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