MIDEAST STOCKS-Saudi, Abu Dhabi bourses buck Gulf downtrend | Reuters:
"* Saudi banking index up 2.6 pct
* Abu Dhabi lender FGB climbed 3.1 pct, lifting bourse
* Global cues weigh on other Gulf mkts
By Nadia Saleem
DUBAI, Jan 30 (Reuters) - Saudi Arabia and Abu Dhabi bourses bucked a downbeat Gulf trend as earnings and dividend disclosures lured buyers, while other markets tracked a sell-off across global equities.
Saudi banking shares rallied, moving the sector's index up 2.6 percent - its biggest one-day gain in more than four months - after Riyad Bank proposed to double its capital to 30 billion riyals ($8 billion) through bonus shares issued.
Shares in Riyad Bank surged 9.2 percent to their highest since June 2008."
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