MIDEAST STOCKS-Banks buoy Saudi market, DAMAC drags down Dubai | Reuters:
Saudi Arabia's stock market rose on Tuesday, as rebounding oil prices lifted all its banks, while the Dubai index was pulled down by a plunge in shares of DAMAC Properties.
Saudi Arabia's index gained 0.9 percent to trade at a near six-month high, with Al Rajhi Bank adding 1.3 percent and the biggest lender National Commercial Bank climbing 1.4 percent.
Riyad Bank rose 1.6 percent. The lender has picked Goldman Sachs to advise on its merger talks with National Commercial Bank, Reuters reported, citing sources familiar with the matter.
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