Mideast Stocks: Most major Gulf markets gains; Aramex drags Dubai lower – ZAWYA

Mideast Stocks: Most major Gulf markets gains; Aramex drags Dubai lower – ZAWYA

Mideast Stocks: Most major Gulf markets gains; Aramex drags Dubai lower | ZAWYA MENA Edition HomeMarketsEquitiesArticleMideast Stocks: Most major Gulf markets gains; Aramex drags Dubai lower Saudi Arabia's benchmark index rose 0.6%    Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend.Saudi Arabia's benchmark index rose 0.6%, led by a 1.1% increase in Al Rajhi Bank and a 1% gain in petrochemical maker Saudi Basic Industries.Elsewhere, National Commercial Bank (national commercial bank0) traded 0.3% up.Saudi Arabia's benchmark index rose 0.6%, led by a 1.1% increase in Al Rajhi Bank and a 1% gain in petrochemical maker Saudi Basic Industries.Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend.NCB has completed the issuance of additional tier 1 sukuk denominated in Saudi riyals by way of a private placement. The issuance amount is 4.2 billion riyals ($1.12 billion), NCB said in a statement on Tadawul.Dubai's index eased 0.3%, with logistic firm Aramex falling 1.5%, extending losses from the previous session after the stock traded ex-dividend.The Abu Dhabi index added 0.4%, driven by