SaudiArabia's stock exchange (Tadawul) rose on Tuesday, boosted by corporatefinancial results, while most other major Gulf stock markets fell on losses infinancial stocks.
SaudiArabia's main index rose 0.7%, with SABIC (Saudi Arabian BasicIndustries Corporation) up 1.5%, while Ma'aden (Saudi Arabian Mining Co.)jumped 5%.
SABIC rose for six consecutive sessions, after Saudi Aramco said in itsIPO-related prospectus that it expects to close the acquisition deal of SABICin the first half of next year, according to Reuters.
SaudiPaper Manufacturing Co. jumped 6.3% after the company said its accumulatedlosses fell to 7.84% of the capital.
AbdullahAl-Othaim Markets Co. rose 3.5%, while Dallah Healthcare Co. rose 1.9% afterthe two companies proposed a nine-month and first-half dividend.
ButFawaz Abdulaziz Alhokair Co. fell 4% after the retailer posted a quarterly lossattributable to an increase in depreciation and amortization expenses.
