MIDEAST STOCKS-Bank shares boost Saudi bourse, other Gulf markets upbeat | News by Country | Reuters:
"Banking shares helped lift Saudi Arabia's bourse in early trade on Tuesday as two lenders beat analysts' earnings forecasts, amid a positive mood in other Gulf bourses.
Banque Saudi Fransi jumped 3.1 percent after it reported a 2.7 percent increase in first-quarter net profit to 1.08 billion riyals ($288 million) on Monday, after market close, topping analysts expectations.
Four analysts surveyed by Reuters had on average forecast the bank would make a quarterly profit of 964.3 million riyals."
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