MIDEAST STOCKS-Saudi, Qatar lifted by financials, other Gulf markets mixed:
"Saudi stocks were lifted on Monday by optimism about fund flows and Qatari stocks rose on strong bank earnings, while other bourses in the region were lacklustre. The Saudi index closed 1.0 percent higher, lifted by financial stocks. Insurance firm BUPA Arabia gained 5.5 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus share issue. Banks were also up, with Al Rajhi Bank gaining 2.7 percent, returning to the multi-year high hit last week. "
'via Blog this'
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