Mideast Stocks: Stocks in Saudi up on banks, corporate announcements | ZAWYA MENA Edition:
Saudi Arabia's stock market edged up on Wednesday boosted by banks and corporate announcements, while a contract win for a unit of construction giant Arabtec lifted Dubai's bourse.
In Saudi Arabia, National Commercial Bank and Samba Financial Group were the main drivers, climbing 1.1 percent and 0.7 percent, respectively. Al Rajhi Bank was up 0.4 percent.
Saudi Steel Pipe Co was up 0.5 percent after it said minority shareholders had agreed to sell a 47.8 percent stake in the company to Luxembourg-based steel pipe maker Tenaris for $144 million.
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