Many major stock markets rise in the Gulf while Saudi petrochemicals shifting sideways

Many major stock markets in the Gulf have risen on Tuesday, but Saudi Arabia has been trading flat with finance and petrochemicals shifting sideways.

The benchmark index for Saudi. TASI was flat, with Riyad Bank 1010.SE falling 3% and Al Rajhi Bank 1120.SE losing 0.2%.

On Monday, Riyad Bank and National Commercial Bank (1180.SE decided to end tentative merger talks, both said in separate stock exchange filings. NCB was up 0....