MIDEAST STOCKS-Gulf stocks little changed; blue chips down in Dubai - Reuters:
Most major Gulf stock markets traded in positive territory early on Tuesday, led by financial stocks and corporate announcements, but Dubai’s index retreated on a sell-off by blue chips.
Saudi Arabia’s benchmark index rose 0.4%, driven by a 1.1% gain in Saudi Basic Industries and a 0.3% rise in Saudi Aramco.
Aramco Trading Co has sealed a new deal to secure long-term crude oil supplies from state-run Kuwait Petroleum Corp that can be processed at refineries owned by Saudi Aramco in Asia, Reuters reported, citing trade sources.
Shares in Al Moammar Information Systems Co jumped 8.2% to 50.9 riyals, its biggest intraday-gain since April, after it posted a rise in annual profit.
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