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Mideast stocks were mostly lower on Tuesday, in line with a pull-back by Asian bourses and oil prices, but Saudi Arabia remained firm in a fresh sign of fund flows into Riyadh from the rest of the region.
The Saudi stock index was 0.2 per cent higher after 55 minutes of trade with gainers outnumbering losers by a ratio of more than two to one, reports Reuters.
Saudi Printing & Packaging gained 2.1 per cent after winning a 45.6 million riyal ($12.2 million) tender from the education ministry to print syllabuses.
Arabian Cement climbed 1.7 per cent. But Saudi British Bank fell 1.3 per cent.
Dubai’s index fell 0.6 per cent, once again depressed by weak real estate stocks, with Emaar Properties down 1.0 per cent. But, GFH Financial rose 2.4 per cent.
In Abu Dhabi, the index fell 0.2 per cent but Abu Dhabi National Energy jumped a further 9.0 per cent in active trade.
In Qatar, the index slipped 0.4 per cent; Widam Food plunged 5.9 per cent as it went ex-dividend. But Aamal Holding gained 2.3 per cent.