Mideast Stocks: Earnings lift Dubai; new Saudi-MSCI index begins trade | ZAWYA MENA Edition:
Saudi Arabia's stock market rose on Thursday as banks gained, and it introduced the MSCI Tadawul 30 index. Dubai was lifted by corporate earnings.
Saudi Arabia's main index rose 0.3 percent. Riyad Bank rose 1.2 percent after posting a 39 percent gain in its fourth-quarter net profit, according to Reuters calculations.
The MSCI Tadawul 30 Index (MT30) rose 0.3 percent. The index of the 30 largest securities listed on the Saudi Arabian Equity Market live on Wednesday.
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