MIDEAST STOCKS-Saudi shares flat on banks, petrochemicals; other markets up - Reuters:
Most major Gulf stock markets gained on Tuesday, but Saudi Arabia’s traded flat with financials and petrochemicals moving sideways.
Saudi’s benchmark index was flat, with Riyad Bank shedding 3% and Al Rajhi Bank losing 0.2%.
On Monday, Riyad Bank and National Commercial Bank ( decided to end preliminary merger talks, the two said in separate stock exchange filings. NCB was up 0.3%.
Saudi Aramco slipped 0.3% in early trade after four straight days of gains. The state-owned company will join MSCI on Tuesday.
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