MIDEAST STOCKS-Banks and petrochemicals companies lift Saudi market | Reuters:
"Bank and petrochemical stocks helped Saudi Arabia's index rebound from a two-week low on Thursday, buoyed by firmer oil prices and a newspaper report that building company Saudi Binladin Group could again bid for state contracts.
The news on Binladin, which is heavily in debt to local lenders, bolstered bank share prices, lifting the sector index by 1.9 percent. National Commercial Bank and Al Rajhi Bank were the biggest gainers, rising by 2.3 percent and 3 percent respectively.
Binladin was barred from new government contracts last September after a crane toppled into Mecca's Grand Mosque during a dust storm, killing 107 people, but al-Watan quoted an unnamed source as saying that the compnay has now received a royal decree allowing it to resume bidding for state contracts."
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