Saudi Arabia's index is up for a second day since Saturday's one-month low as bargain hunters target banking and cement stocks.
Samba Financial Group and Riyad Bank each add 0.7 percent, while regional heavyweight Al Rajhi Bank
gains 1.1 percent.
"Sentiment is still strong on locally-driven sectors," says Hesham Tuffaha at Bakheet Investment Group head of asset management. "Banks are doing well. There is the upcoming mortgage law to be implemented - it will take time for banks to benefit, but there will be stronger growth in 2013 compared to this year."
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