MIDEAST STOCKS-Most of Gulf rises in thin trade, ENBD aids Dubai | Reuters:
Most major Gulf stock markets rose early on Monday in light trade with many investors away on year-end holidays, while Dubai gained sharply, boosted by bank shares.
Saudi Arabia’s index gained 0.3 percent in the first 70 minutes with Al Rajhi Bank adding 0.6 percent and Samba Financial Group climbing 1.0 percent.
In Dubai, the index rose 1.4 percent, gaining for a fifth straight day after hitting a five-year low last week. The largest lender, Emirates NBD, jumped 5.4 percent in thin volume.
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