MIDEAST STOCKS-Banks Propel Saudi, most Gulf markets up | Reuters:
Saudi Arabia’s stock market rose on Monday aided by rising bank shares, while Dubai was lifted as most of its real estate stocks rebounded.
The Saudi Arabia index was up 0.6 percent with Al Rajhi Bank adding 1.2 percent and the country’s largest lender, National Commercial Bank (NCB), gaining 0.8 percent. NCB had last week reported a 3.5 percent increase in its fourth-quarter net profit.
Saudi exchange data released late Sunday showed that foreigners were the net-buyers of 958.3 million riyals ($256 million) of stocks last week.
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