MIDEAST STOCKS-Banks aid Saudi gain, most Gulf markets quiet | Reuters:
Saudi Arabia’s stock market rose sharply on Thursday, boosted by rebounding bank shares, while most Gulf markets were little changed in quiet trade.
The Saudi index rose 1.2 percent, with National Commercial Bank, the largest Saudi lender, adding 2.5 percent and Al Rajhi Bank gaining 2.3 percent.
Anaam International Holding Group surged to its 10 percent limit in heavy trade after it signed a non-binding memorandum of understanding to buy real estate and commercial assets owned by Abdullah Abbar & Sons Cold Stores and Dar Al Abbar Co.
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