MIDEAST STOCKS-Banks lift Saudi to 6-year high; Suez project cheers Egypt | Reuters:
"Banks led Saudi Arabia's stock index to a new six-year peak as trading volumes increased on Wednesday, while Egypt also extended gains. But other Gulf markets were subdued as a summer lull deepened.
The Saudi measure rose 0.5 percent to 10,716 points, its highest finish since January 2008. Nearly 270 million shares changed hands, a two-week high: Saudi Arabia has not suffered the summer trading slump of neighbouring bourses.
Eight of the 10 largest stocks advanced. Riyad Bank , which last month reported a 17 percent increase in second-quarter profit, rose 4.5 percent. Lenders SABB and Al Rajhi Bank climbed 3.2 and 0.3 percent respectively."
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