MIDEAST STOCKS-Earnings aid Saudi, real estate hurts Egypt - Reuters:
Saudi Arabia's stock market rose on
Tuesday, lifted by a slew of corporate announcements, while
Egypt's blue-chip index was pulled down by its real estate
shares.
Saudi Arabia's index added 0.4 percent, with Riyad
Bank climbing 3.6 percent to reach its highest since
May 2006. The lender posted a 44.7 percent increase in first
quarter net profit.
Saudi British Bank rose 1.3 percent after the
Capital Market Authority approved a request to increase its
capital to 20.55 billion riyals ($5.48 billion) from 15 billion
riyals.
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