MIDEAST STOCKS-Banks lead most Gulf markets higher, Kuwait keeps rallying - Reuters:
Major Gulf markets closed higher on
Tuesday, mostly riding on banks after Egypt's EFG Hermes
forecast a higher second-quarter profit for the Middle East's
financial sector, while Kuwait continued to rise for a ninth
straight session.
EFG Hermes investment bank predicted over 10% year-on-year
growth in second quarter profit for the region's financial
sector, with United Arab Emirates seeing a 18.7% jump and Egypt
expecting a 19.5% surge.
The Saudi index added 0.3% with National Commercial
Bank rising 1.3% and Riyad Bank 0.7% higher.
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