MIDEAST STOCKS-Oil lifts most of Gulf, top lender weighs on Egypt - Reuters:
Saudi Arabia's stock market rose on
Wednesday on the back of its banks as rising oil prices lifted
most major Gulf markets, while Egypt was partly dragged down by
its biggest lender Commercial International Bank
Brent oil hit a 2019 high above $72 a barrel on Wednesday,
propelled by steady economic growth in China and a fall in U.S.
crude stocks.
Saudi's index rose 1.1 percent for its biggest
one-day gain in two and a half months, with 11 of its 12 banks
advancing. Al Rajhi Bank added 2.3 percent and the
kingdom's largest lender National Commercial Bank
gained 2.2 percent.
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