Mideast Stocks: Saudi outperforms region on oil, ease in lockdown – ZAWYA

Mideast Stocks: Saudi outperforms region on oil, ease in lockdown – ZAWYA

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.. Saudi Arabia's stock market rose sharply on Thursday, outperforming the region on rising oil prices and easing coronavirus-related restrictions.. The Abu Dhabi index reversed earlier losses to close 0.2% up, helped by a 1.6% rise in top lender First Abu Dhabi Bank .. DIB, the United Arab Emirates' largest sharia-compliant lender, reported a net profit of 1.11 billion dirhams ($302.21 million) in first-quarter, down from 1.355 billion dirhams a year earlier..