Mideast Stocks: Banks lift Saudi, Dubai continues to rally on Emirates NBD deal | ZAWYA MENA Edition:
Saudi Arabia's stock market marked its ninth session of gains on Thursday, led by banking shares, while Emirates NBD's deal to buy Turkey's Denizbank lifted Dubai's main index.
The Saudi index was up 0.9 percent, led by a 3.1 percent rise in Al Rajhi Bank and a 2.3 percent gain in the largest lender National Commercial bank.
Al Rajhi Bank's shareholders approved an increase in its capital to 25 billion riyals ($6.7 billion) from 16.25 billion riyals through issuing bonus shares.
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