MIDEAST STOCKS-Most Middle Eastern stocks gain; Qatar bucks trend - Reuters:
Most Middle Eastern markets closed higher on Monday, with
Saudi Arabia gaining on support from Saudi Aramco, while Qatar bucked the trend
on news it had delayed choosing partners for the world's largest liquefied
natural gas project.
Saudi Arabia's benchmark index was up 0.5% supported by state-owned
Saudi Aramco, which was up 0.9% at 33.1 riyals ($8.83), snapping a
five-day losing streak.
Saudi British Bank rose 2.1%, while Al Rjahi Bank edged
up 0.3%.
Qatar's index was down 0.4% for its seventh straight session of
declines. State-run Qatar Petroleum's units Mesaieed Petrochemicals
and Industries Qatar weighed most on the index, falling 4.6% and 1.4%,
respectively.
Reuters reported, citing sources, that Qatar has delayed choosing Western
partners for the world's largest liquefied natural gas project by several
months.
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