MIDEAST STOCKS-Saudi profits from corporate results, most Gulf markets inch up | Reuters

MIDEAST STOCKS-Saudi profits from corporate results, most Gulf markets inch up | Reuters:

Saudi Arabia’s stock market rose on Wednesday, aided by strong corporate earnings, while market heavyweights Emaar Properties and Emirates NBD helped support Dubai’s index.

The main Saudi index was up 0.6 percent, thanks in part to a nearly 8 percent jump in Lazurde Company For Jewelry after it posted a third-quarter profit.

Middle East funds are not entirely bearish toward Saudi Arabia’s stock market but have become more wary because of concerns over the fallout from the killing of Khashoggi, a Reuters poll showed on Wednesday.