MIDEAST STOCKS-Banks lift Saudi, Emirates NBD aids Dubai | Reuters:
Saudi Arabia’s stock market rose on Wednesday, boosted by its banks and petrochemical stocks, while Dubai was lifted by a rise in its largest lender Emirates NBD after it reported strong fourth-quarter earnings.
Saudi Arabia’s index rose 0.9 percent with top petrochemical producer Saudi Basic Industries adding 1.2 percent and Al Rajhi Bank increasing 0.5 percent.
The Saudi market, which will become part of the MSCI emerging market benchmark this year, has started the year on a positive note, up 7.6 percent year-to-date.
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