MIDEAST STOCKS-Banks lift Saudi, Egypt bourses - Yahoo Maktoob News:
"Banking stocks lifted markets in Saudi Arabia and Egypt in early trade on Monday as new mortgage regulations took effect in the Gulf kingdom and Cairo's largest listed lender prepared to publish third-quarter results.
Saudi Arabia's main index edged up 0.2 percent shortly after opening. Al Rajhi Bank, the country's largest listed lender, rose 0.4 percent and Samba Financial Group, the third-largest bank by assets, added 2.4 percent.
Saudi Arabia's central bank announced this week that rules covering real estate mortgage financing and other finance company activity were formally taking effect, potentially clearing the way for the industry to develop."
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