MIDEAST STOCKS-Gulf stocks rise on higher oil prices, Q2 results | Reuters:
Most Gulf stock markets closed higher on Sunday, bolstered by firmer oil prices and a clutch of positive financial results.
Oil prices edged up about 1 percent on Friday as strike actions in Norway and Iraq hit supplies. But prices on course for a second straight week of falls after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.
The Saudi index gained 0.5 percent, with petrochemical group Saudi Basic Industries Corporation (SABIC) rising 1.1 percent and Al Rajhi Bank climbing 0.5 percent. Other banks were also big gainers, with Banque Saudi Fransi climbing 1.7 percent.
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