MIDEAST STOCKS-Saudi dips on financials in quiet trade for major Gulf indexes - Reuters:
The Saudi Arabian stock market slipped in early trade on Tuesday, due to dips in financial shares, while trade on other major bourses in the Gulf was uneventful.
Saudi Arabia’s benchmark index eased 0.1%, hurt by a 0.2% fall in Al Rajhi Bank and a 0.3% decrease in the country’s biggest lender National Commercial Bank.
Elsewhere, Rabigh Refining and Petrochemical Company dropped 2.6%, a day after it posted quarterly losses.
In Dubai, the index rose 0.4%, with blue-chip developer Emaar Properties rising 0.8%, while Arabtec Holding jumped 6.9%.
Meanwhile, global port operator DP World recorded a fall of 8.8% in second-quarter container volumes, warning on Monday the outlook remained uncertain.
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