MIDEAST STOCKS-Oil boosts Saudi, banks weigh on Dubai | Reuters:
Saudi Arabia’s stock market rose in early trading on Tuesday, as rebounding oil prices lifted its banks, while real estate and banks pulled down the Dubai index for the third straight session.
Saudi Arabia’s index gained 0.7 percent with Al Rajhi Bank adding 1.6 percent and its biggest lender National Commercial Bank increasing 1.6 percent.
Riyad Bank has chosen Goldman Sachs to advise on its merger talks with National Commercial Bank, Reuters reported, citing two sources familiar with the matter. Riyad Bank inched up 0.1 percent.
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