MIDEAST STOCKS-Banks buoy Saudi market, property shares aid Dubai - Reuters:
Saudi Arabia’s stock market rose in early trade on Monday, buoyed by financial shares, while the Dubai index was driven up by gains in property shares.
The Saudi Arabian index was up 0.5% as Al Rajhi Bank gained 0.6% and Jabal Omar Development advanced 2.8%.
Walaa Cooperative Insurance jumped 4.9% to be the top gainer in the index. On Sunday, the insurer entered into a binding agreement to acquire all shares in Metlife AIG ANB in a share-swap deal.
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