MIDEAST STOCKS-Saudi far outperforms Gulf, rate hopes boost Egypt:
"Saudi Arabia’s stock market rose on Thursday, encouraged by strong global bourses and a slight rebound in oil prices, while hopes for an interest rate cut boosted Egypt. But much of the Gulf was sluggish because of mediocre corporate earnings.
The Saudi index gained 1.2 percent in a broad rally; gainers outnumbered losers by 140 to 39. Al Rajhi Bank added 2.9 percent in its second heaviest trading volume this year.
Saudi Investment Bank rose 2.9 percent after saying it would pay an annual dividend of 0.6 riyal per share, up from 0.5 riyal for 2016."
'via Blog this'
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