MIDEAST STOCKS-Banks help Saudi rise early on, Qatar continues rally:
"Banking shares helped Saudi Arabia’s stock market rise in early trade on Sunday, while Qatar headed for a seventh straight day of gains as investors bought ahead of annual dividend announcements. The Saudi index was 1.0 percent higher after an hour with all 12 listed banks climbing after Saudi Arabia’s central bank lifted the maximum loan-to-value ratio for mortgages taken out by first-time homebuyers to 90 percent from 85 percent in an effort to stimulate mortgage lending. National Commercial Bank, the biggest lender, added 1.8 percent and Al Jazira Bank surged 2.7 percent."
'via Blog this'
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