MIDEAST STOCKS-Q1 results boost Saudi, most major Gulf markets mixed - Reuters:
Saudi Arabia’s stock market inched higher on Wednesday bolstered by first-quarter results, while major Gulf markets were mixed in subdued trading.
Saudi’s index was up 0.1 percent, with Al Rajhi Bank adding 0.5 percent and National Commercial Bank rose 0.8 percent. Both companies reported an increase in their first-quarter net profit.
Saudi banks’ performance in 2019 is xpected to be boosted by a surge in liquidity and an anticipated recovery in lending against a backdrop of higher oil prices.
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