MIDEAST STOCKS-Saudi rises for second straight session as Abu Dhabi winning streak ends - Reuters:
Financial shares helped lift
Saudi Arabia's stock market for a second consecutive session on
Sunday, while top lender First Abu Dhabi Bank (FAB) weighed on
the Abu Dhabi bourse, bringing an eight-session streak of gains
to an end.
The Saudi index rose 0.5% with Al Rajhi Bank
and Riyad Bank gaining 1% and 3.1%
respectively. National Commercial Bank ended the day
0.6% higher.
Saudi Basic Industries Co (SABIC), the world's
fourth-biggest petrochemicals firm, fell 0.7% after reporting
its lowest quarterly profit since late 2009.
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