MIDEAST STOCKS-Saudi stocks inch higher in early trade

Reuters Middle East

0818GMT- Saudi stocks open slightly higher in early trade on Saturday.

The all-share index rises 0.05 percent to 7178.75 points.

Al Rajhi Bank, the kingdom's largest listed lender, rises 0.38 percent. Saudi

Basic Industries Corp (SABIC), the world's biggest petrochemical company by market

value, is down 0.26 percent.

The banking index is up 0.13 percent and the petrochemicals index drops

0.13 percent.

Crude futures rose on Thursday, the last session of the first quarter, in choppy trading

with stronger Wall Street equities and a weaker dollar supporting dollar-denominated oil prices.

The S&P 500 set a record closing high on Thursday, finishing a fifth consecutive month of

gains to extend a four-year rally.

(Reporting by Reem Shamseddine; Editing by Angus McDowall)

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