Mideast Stocks - Financial shares lift Gulf markets | ZAWYA MENA Edition:
Major Gulf stock markets opened higher on Sunday, buoyed by gains in the financial sector.
The Saudi index rose 0.3% as Al Rajhi Bank and National Commercial Bank advanced 0.3% and 0.5% respectively.
Among other gainers, United Electronics Company jumped 7.1% after reporting a 14.6% rise in fourth-quarter profit.
Almarai, the Gulf's largest dairy firm, dropped 1.1 % after reporting a 15.9% fall in fourth-quarter profit to 311.9 million riyals ($83.1 million) after significant increases in sales, administration and general costs.
State-owned oil giant Saudi Aramco edged down 0.1% to 34.6 riyals, on track for a third decline in as many sessions.
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