MIDEAST STOCKS-Banks bolster Saudi; most major Gulf markets mixed - Reuters:
Saudi Arabia’s stock market rose on Wednesday buoyed by its banking stocks recovering from recent losses, while major Gulf markets were mixed in subdued trading.
Saudi Arabia’s index increased 2.4% as all its banking stocks rose. Al Rajhi Bank and National Commercial Bank were up 3.1% each, while Samba Financial Group rose 3.5%.
The index fell as much as 2.1% on Tuesday after drone attacks but recovered to close flat at 0.1%. Saudi Arabia said drones had struck oil pumping stations two days after its oil tankers were sabotaged off the coast of the United Arab Emirates.
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