MIDEAST STOCKS-Saudi bank shares up as most Gulf markets open weak | Reuters:
Shares in Saudi blue-chip banks rose in early trade on Tuesday, while materials and real estate companies slipped as most Gulf markets opened lower.
Among the biggest gainers on the Saudi index were financial firms Alinma and Samba, which rose 1.1 and 0.5 percent respectively.
Banks reported lower deposits in their second-quarter earnings, released over the past couple of weeks. But because demand for loans is also low, there is little risk of a funding shortage.
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