Mideast Stocks: Saudi surges over 3% on strong results, outperforms Gulf | ZAWYA MENA Edition:
Saudi Arabia's stock market rose sharply in early trade on Thursday, outperforming other major Gulf markets as it was buoyed by a slew of strong corporate earnings.
The main index rose 3.5 percent in the first 75 minutes of trade, with banks and petrochemical firms gaining the most.
Al Rajhi Bank added 5.2 percent after its third-quarter profit rose and top petrochemical producer Saudi Basic Industries was up 4.6 percent.
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