MIDEAST STOCKS-Banks lead Egypt, Saudi stocks higher | Reuters:
Saudi Arabia's stock market rose on Tuesday as major banks rose on recovering oil prices, while Egypt's blue-chip index hit a five-month high, helped by its top lender Commercial International Bank.
Saudi Arabia's index was up 0.7 percent, with Al Rajhi Bank rising 1.8 percent and Banque Saudi Fransi gaining 2.9 percent.
The Saudi index has got off to a strong start this year, taking many by surprise, SICO Research said in a note, with a 10 percent gain year-to-date after returning 8.3 percent in 2018.
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