MIDEAST STOCKS-Banks lift Saudi, blue-chips elevate major Gulf markets | Reuters:
Saudi Arabia's stock market rose sharply on Monday to a three- and-a-half year high boosted by blue-chip bank shares, while Dubai was buoyed by financials and real estate stocks.
Saudi Arabia's index rose 1.4 percent to its highest since Aug. 2015, with Al Rajhi Bank adding 2.2 percent and Riyad Bank increasing 4.2 percent.
Saudi exchange data released late on Sunday showed that foreigners were the net-buyers of 958.3 million riyals ($256 million) of stocks last week.
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