MIDEAST STOCKS Abu Dhabi gains while financials dent Saudi index

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The Abu Dhabi stock market (.ADI) rose 0.4% in early trade on Sunday, supported by gains in International Holding (IHC) (IHC.AD), while the Saudi Arabian index came under pressure from declines in financial stocks.

retreating by 2.5% after reporting second-quarter net profit down 25% year on year at 482 million riyals ., which surged by more than 4%, extending gains from the previous session. Last week Jeddah municipality awarded the company a new 131.

6 million riyal operation and maintenance contract.
 

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