MIDEAST STOCKS-Saudi shares rise, led by banks; other Gulf markets mixed - Reuters:
Saudi Arabia’s stock index rose for the eighth straight session on Wednesday, led by its banks, while other Gulf markets were mixed, with financial stocks dragging Abu Dhabi lower.
Saudi Arabia’s main index gained 0.1. The index has been rising since EFG Hermes forecast profit for the kingdom’s financial sector would grow 7.6% in the second quarter.
Al Rajhi Bank edged up 0.1%. Saudi Telecom rose 0.5%.
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