MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags #Dubai lower - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags Dubai lower - Agricultural Commodities - Reuters:

Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend.

Saudi Arabia’s benchmark index rose 0.6%, led by a 1.1% increase in Al Rajhi Bank and a 1% gain in petrochemical maker Saudi Basic Industries.

Elsewhere, National Commercial Bank (NCB) traded 0.3% up.

NCB has completed the issuance of additional tier 1 sukuk denominated in Saudi riyals by way of a private placement.

The issuance amount is 4.2 billion riyals ($1.12 billion), NCB said in a statement on Tadawul.