Middle East stocks: Most Gulf markets gain; Saudi bourse slips

SourceEgypt Independent
SectorFinancial Markets
CountryGCC

(Reuters) – Most Middle Eastern markets ended higher on Wednesday, with Bahrain outperforming the region, while bank stocks weighed on the Saudi index. Saudi Arabia’s benchmark index .TASI slipped 0.1% and snapped a four-session winning streak, weighed by Al Rajhi Bank’s 1120.SE 0.4% fall and Riyad Bank’s 1010.SE 1.3% tumble. Saudi Arabia’s largest telecoms operator Saudi Telecom Company (STC) 7010.SE gained 1% as … Continued The post Middle East stocks: Most Gulf markets gain; Saudi bourse slips appeared first on Egypt Independent.(Reuters) – Most Middle Eastern markets ended higher on Wednesday, with Bahrain outperforming the region, while bank stocks weighed on the Saudi index. Saudi Arabia’s benchmark index .TASI slipped 0.1% and snapped a four-session winning streak, weighed by Al Rajhi Bank’s 1120.SE 0.4% fall and Riyad Bank’s 1010.SE 1.3% tumble. Saudi Arabia’s largest telecoms operator Saudi Telecom Company (STC) 7010.SE gained 1% as … Continued The post ...read more...