MIDEAST STOCKS-Banks bolster Saudi, financials drag Abu Dhabi - Reuters:
Saudi Arabia's stock market rose sharply
for the fourth session on Tuesday, boosted mainly by its banking
shares on expectations of further capital inflows, while Abu
Dhabi was weighed down by financials.
The Saudi index was up 1.6% with all its banks
gaining. Al Rajhi Bank added 1.5% and National
Commercial Bank climbed 3.3%.
The index has gained nearly 15% year-to-date, outperforming
other major Gulf peers in a rally led by foreign investors, who
have been net buyers of Saudi stocks every month this year.
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