Tuesday 9 July 2019

MIDEAST STOCKS- #Saudi shares gain, led by banks; other Gulf markets muted - Reuters

MIDEAST STOCKS-Saudi shares gain, led by banks; other Gulf markets muted - Reuters:

Saudi Arabian stocks rose on Tuesday, led by banking shares, while other Gulf markets were little changed.

The Saudi index added 0.1% with National Commercial Bank rising 0.6% and Banque Saudi Fransi was 0.7% higher.

EFG Hermes forecast second-quarter profits at Saudi financial firms would rise 7.6%, with National Commercial Bank profit rising 2%.

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