MIDEAST STOCKS-Gulf markets firm, Saudi rises on banks | ZAWYA MENA Edition:
"Most Gulf stock markets were firm in early trade on Monday with Saudi Arabia recovering from Sunday's losses as the banking sector rose on Alinma Bank's better-than-expected earnings. The main Saudi index edged up 0.2 percent in the first hour. Alinma Bank jumped 2.3 percent and was the most heavily traded stock; it reported third-quarter net profit of 542 million riyals ($145 million), up from 312 million riyals a year ago. Analysts had forecast an average of 493 million riyals. Other Saudi banks, which have yet to report earnings, were generally firm; Al Rajhi Bank was up 0.6 percent. "
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