MIDEAST STOCKS-Major Gulf bourses end mixed; Egypt extends gains - Reuters:
Major bourses in the Gulf had a mixed
session on Wednesday with little fresh news to prompt buying,
while Egypt's blue-chip index extended gains for a third
session.
The benchmark index in Saudi Arabia, which reopened
after a one-week break for the Muslim festival of Eid Al Adha,
edged up 0.2%. Saudi Arabian Mining Company rose 2.4%,
while Savola Group was up 1.1%.
The index's gains, however, were capped by losses at
petrochemical firm Saudi Basic Industries, which
declined 1%.
The kingdom's non-oil private sector stabilised in July
after four months of contraction, a survey showed on Wednesday,
suggesting the worst of the disruption caused by the coronavirus
pandemic may be over.
Dubai's main share index gave up earlier gains to
close flat, with Emirates NBD Bank gaining 0.9%.
In Abu Dhabi, the index lost 0.3%, hurt by a 0.7%
fall in First Abu Dhabi Bank (FAB).
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