Mideast Stocks: Banks lift Saudi, financials weigh on Abu Dhabi | ZAWYA MENA Edition:
Saudi Arabia's stock market rose on Tuesday on the back of gains in banks amid recovering oil prices, while Abu Dhabi was pulled down by its financial shares.
Saudi Arabia's index was up 0.3 percent with Al Rajhi Bank rising 1 percent and the largest petrochemical maker Saudi Basic Industries adding 0.7 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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