Mideast Stocks: Saudi bourse rises as it reopens after Eid; Dubai eases
Major stock markets in the Gulf were little changed in early trade on Tuesday, with the Saudi index - which reopened after a five session break for the Muslim festival of Eid Al Fitr - on course to gain for a fifth session.
Saudi Arabia's benchmark index gained 0.3%, with Retal Urban Development Co rising 0.7% and oil giant Saudi Aramco putting on 1.2%.
Dubai's main share index eased 0.1%, hit by a 1.2% slide in Emirates Central Cooling Systems Corporation .
In Abu Dhabi, the index added 0.1%, with Abu Dhabi Ports Co advancing 2.5% after the group's Maqta Gateway acquired TTEK Inc for $26.7 million.
Oil prices - a key catalyst for the Gulf's financial markets - held steady as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth.
A weaker U.S. dollar can help global demand for oil by making it cheaper for holders of foreign currencies in other countries.
** Qatar was closed for a public holdiday
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