MIDEAST STOCKS-Banks drive Saudi higher, Qatar National Bank helps Qatar | Reuters:
"Saudi and Qatari stocks were up in early trade on Monday, helped by support from banking stocks, as Gulf markets showed signs of recovery from jitters last week over the U.S. decision to withdraw from the Iran nuclear deal. The Saudi index was up 0.2 percent as Al Rajhi Bank rose 0.5 percent and Samba Financial Group gained 0.6 percent. The Saudi market has seen a recovery after it dipped below the 8000-point level on May 10 on profit taking after sharp gains this year on foreign fund flows on expectations of an upgrade of the stock market to emerging market status."
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