MIDEAST STOCKS- #Saudi outperforms on Q3 results, #Dubai ends losing streak - Reuters

MIDEAST STOCKS-Saudi outperforms on Q3 results, Dubai ends losing streak - Reuters:

Saudi Arabia's stock market rose sharply
on Tuesday, outperforming other regional markets on the back of
strong corporate earnings, while Dubai rebounded through gains
in financials and property shares.

The Saudi benchmark index added 1.4% with Al Rajhi
Bank increasing 2.8% and Alinma Bank leaping
4.9%, its biggest intraday gain since April.

The latter reported a rise in third-quarter profit to 713
million riyals ($190.10 million) compared to 637 million a year
earlier.

Among other lenders, Bank Albilad jumped 4.5%
after it reported strong third-quarter earnings on Monday.