MidEast Shares Mostly Edge Higher

MidEast stocks mostly firmed with some Saudi stocks finding mild support from a rise in crude oil prices. In company news, Al Othaim Markets said it expected a capital gain of 112.1 million riyals ($29.9 million) from the sale of a shopping mall in Ha’el City.

Gulf Navigation formed a partnership with SeaQuest. It said it will use the tie-up to expand its business in these areas in the Middle East and Africa.

Saudi Arabia’s main index dipped 0.2% to 7,241 points, Dubai fell 0.6% to 3,520 points, Abu Dhabi firmed 0.1% to 4,472 points, Qatar added 0.3% to 10,336 points, Egypt rose 0.6% to 12,260 points, Kuwait inched up 0.1% to 5,753 points, Oman gained 0.1% to 5,765 points and Bahrain edged up 0.2% to 1,213 points.

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