MIDEAST STOCKS-Earnings buoy Saudi shares, property bolsters Dubai - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market edged up on Thursday, extending gains for a third straight session supported by gains in financials, while Dubai was propped up by real estate firms.
In Saudi Arabia, the benchmark index was up 0.1% with Al Rajhi Bank increasing 0.8% and Bank Aljazira gaining 1.1%.
On Wednesday, the latter reported an increase in third-quarter net profit to 256.9 million riyals, compared with 247.4 million riyals a year earlier. The lender attributed the rise to increase in operating income by 13%.
National Commercial Bank posted a more than 20% rise in its third-quarter net profit as it saw an increase of 5.9% in its operating income.
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