Mideast Stocks: Financials lift Saudi market; most Gulf stocks gain | ZAWYA MENA Edition:
Most major Gulf stock markets rose on Monday in early trade as gains by financial shares lifted Saudi Arabia and property shares supported Dubai's index.
Saudi Arabia's index was up 0.2% with Al Rajhi Bank gaining 0.3% and the biggest bank, National Commercial, adding 0.4%.
National Medical Care rose 2.1% after the government awarded a medical services contract worth 278.5 million riyals ($74.23 million).
But Saudi Aramco slipped 0.2% to 34.3 riyals and is set for four straight days of decline. On Sunday, Al Rajhi Capital Research rated the Aramco stock "neutral", in line with most other brokerages, and set a target price of 37.5 riyals ($10.00)per share.
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