Most Gulf Markets little changed in quiet early trade

Most major stock markets in the Gulf were little changed in early trade on Sunday.

Saudi Arabia's benchmark index .TASI gained 0.4%, led by a 0.8% rise in Al Rajhi Bank 1120.SE a 1.3% increase in petrochemical maker Saudi Basic Industries 2010.SE.

Dubai's main share index .DFMGI edged up 0.2%, with Emirates NBD Bank ENBD.DU rising 1%.

The Abu Dhabi index .ADI eased 0.1%, hurt by a 1.2% fall in Abu Dhabi Commercial Bank ADCB.AD and a 0.2% decrease in the country's largest lender First Abu Dhabi Bank FAB.AD.

On Wednesday, the United Arab Emirates' largest lender denied a local news report it was in merger talks with Abu Dhabi Islamic Bank ADIB.AD.

Shares of Abu Dhabi Islamic Bank added 0.5%.

In Qatar, the index .QSI lost 0.2%, with Qatar Islamic Bank QISB.QA losing 0.9% and Qatar National Bank QNBK.QA, the Gulf's largest lender, was down 0.4%.