MIDEAST STOCKS-Positive bank results boost Saudi, other Gulf markets mixed - Reuters:
Saudi Arabia’s stock market rose on Tuesday in a recovery from the previous session’s biggest single-day loss in a month as strong earnings from two lenders boosted bank shares, while other Gulf bourses were mixed.
The Saudi index was up 0.4%. Al Rajhi Bank gained 1.3% after it posted a more than 4% rise in second-quarter profit as revenue from special commissions and investments increased.
Riyad Bank, whose profit surged over the same period on a 22.9% jump in operating income, added 1.7%.
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