Thursday 16 May 2019

MIDEAST STOCKS-Banks lift #Saudi as all major Gulf markets rise - Reuters

MIDEAST STOCKS-Banks lift Saudi as all major Gulf markets rise - Reuters:

Saudi Arabia’s stock market rose on Thursday amid rebounding bank shares, while all major Gulf markets were lifted after recent sell-offs.

The Saudi index was up 1% in early trade with all its banks rising.

Saudi British Bank and Alawwal Bank added 2.7% and 0.7% respectively after their shareholders approved a planned merger.

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