MIDEAST STOCKS-Saudi shares end higher as banks jump; Dubai falls over 1% - Reuters:
Saudi Arabian shares closed higher for a
second straight session on Thursday as banks rallied, while
Dubai was dragged down by its top lender Emirates NBD.
Saudi's benchmark index rose 1.6%, with Al Rajhi
Bank and Banque Saudi Fransi advancing 3.1%.
and 6.6%, respectively.
The world's fourth-biggest petrochemical firm, Saudi Basic
Industries, soared 4% after its joint-venture with
China's SINOPEC kicked off its ethylene expansion project on
Oct. 14.
In Dubai, the index fell 1.6%. Emirates NBD
saw its worst session in nearly eight months and
closed down 3.8%.
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