MIDEAST STOCKS-Banks lead #Saudi higher, while Egyptian shares see sell-off - Reuters

MIDEAST STOCKS-Banks lead Saudi higher, while Egyptian shares see sell-off - Reuters:

Saudi Arabia's stock market rose on
Tuesday as most of its banks gained, while a wide sell-off
pulled down Egypt's blue-chip share index.

Saudi Arabia's index was up 0.6 percent with Saudi
Arabian Mining adding 3.8 percent and Alinma Bank
gaining 3 percent.

Retailer Fawaz Alhokair Group climbed 2.9 percent.
Its unit, Arabian Centres, said it will this month launch what
could be Saudi Arabia's largest initial public offering in five
years, which it hopes will raise around $1 billion.