MIDEAST STOCKS-Q1 results lift Saudi, real estate hurts Dubai - Reuters:
Saudi Arabia’s stock market rose on Tuesday, lifted by a string of corporate earnings announcements for the first quarter, while real estate shares weighed on the Dubai index.
Saudi Arabia’s index climbed 0.4 percent, with Riyad Bank gaining 3.2 percent to reach its highest in 13 years. The lender posted a 44.7 percent increase in its first quarter net profit.
Saudi British Bank rose 1.5 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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