MIDEAST STOCKS-Banks bolster Saudi index; other major Gulf markets dip - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market rose on Thursday, buoyed by banking shares and corporate earnings, while other major Gulf markets were subdued.
Saudi Arabia’s benchmark index was up 0.6%, with Al Rajhi Bank increasing 1% and Saudi Basic Industries adding 1.1%.
Middle East Healthcare jumped 8.2% after it posted a sharp rise in third-quarter net profit attributed to a decrease in general and administrative expenses.
National Medical Care advanced 2.6%, following a surge of more than 45% in third-quarter net profit.
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