Mideast Stocks - Major Gulf stocks gain; Aramco extends losses | ZAWYA MENA Edition

Mideast Stocks - Major Gulf stocks gain; Aramco extends losses | ZAWYA MENA Edition:

United Arab Emirates stocks ended higher on Sunday, lifted by banks and property shares, while losses at oil giant Saudi Aramco limited Saudi Arabian gains.

Dubai's main share index closed up 0.3%, led by a 6.1% surge in DAMAC Properties and a 0.5% gain in Emirates NBD Bank.

DAMAC Properties confirmed that Port Investment Limited which transferred its shares to Omran Group is owned by DAMAC International Limited, a joint venture company in which DAMAC has a 20% shareholding. 

In Abu Dhabi, the index rose 0.6%, with the country's largest lender First Abu Dhabi Bank gaining 0.6% and aquaculture culture firm International Holding 2.4% higher.

Saudi Arabia's benchmark index was up 0.1%, with Al Rajhi Bank gaining 1.9%, while Bank Albilad added 1.5%.