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Tuesday, 25 October 2016

MIDEAST STOCKS-Saudi notches higher, rest of Gulf weighed down by bank shares | Reuters

MIDEAST STOCKS-Saudi notches higher, rest of Gulf weighed down by bank shares | Reuters:

"Advances in several shares focused on domestic demand supported Saudi Arabia's stock market index in early trade on Tuesday, while other Gulf markets dipped, weighed down by the banking sector.

The Saudi stock market index notched up 0.4 percent after half an hour of trade, heading for its fifth consecutive session of gains.

Electronics and bookstore chain Jarir Marketing added 2.2 percent, building on Monday's 3.2-percent gain after Chairman Muhammad Alagil told Reuters that the retail sector's slump might be close to ending.

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