MIDEAST STOCKS-Major Gulf markets mixed, banks weigh on #Saudi index - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf markets mixed, banks weigh on Saudi index - Agricultural Commodities - Reuters:

Major Gulf stock markets were mixed in early trade on Sunday as banking shares dragged Saudi index lower, while petrochemical shares supported the Qatari index.

Saudi Arabia’s benchmark index edged down 0.2%, with Al Rajhi Bank and Banque Saudi Fransi both down 0.4% and 2.3% respectively.

But the index was supported by Saudi Aramco, which rose 0.5% in its straight fifth session of gains.

The oil group received regulatory approval to develop Saudi Arabia’s Jafurah non-associated gas field, which would produce some 550,000 barrels per day of gas liquids and condensates.