Q1 earnings boost most Gulf markets; Egypt retreats
- Saudi Arabia's benchmark index closed up 0.4%, with Al Rajhi Bank rising 0.8%, extending gains from the previous session when it reported first-quarter earnings.
- The kingdom's biggest Islamic lender said net profit in the three months ended March 31 rose to 3.34 billion riyals ($891 million). It made a net profit of 2.38 billion riyals in the same period a year earlier.