Mideast Stocks: Banks lift Saudi index; blue-chip sell-off dents Egypt – ZAWYA

Mideast Stocks: Banks lift Saudi index; blue-chip sell-off dents Egypt – ZAWYA

mideast stocks: banks lift saudi index; blue-chip sell-off dents egypt nine of 11 saudi arabian banks advance    an employee walks past a board at egypt's stock exchange at smart village in cairo, egypt, september 10, 2017. picture taken september 10, 2017. the saudi arabian stock market ended higher on wednesday, as the organization of the petroleum exporting countries (opec) and its allies meet to discuss future oil output cuts, but egypt saw a sharp decline as all its blue-chip stocks fell except one.key members of opec and allies including russia, collectively known as opec+, are set to decide whether to extend output cuts of 9.7 million barrels per day (bpd) that end in july or ease them to 7.7 million bpd.the benchmark index in saudi arabia, the de facto leader of opec, gained 0.5%. al rajhi bank 1120.se added 0.4%, whereas lender samba financial group ended 1.1% up.key members of opec and allies including russia, collectively known as opec+, are set to decide whether to extend output cuts of 9.7 million barrels per day (bpd) that end in july or ease them to 7.7 million bpd.the saudi arabian stock market ended higher on wednesday, as the organization of the