MidEast shares were mixed, with Saudi stocks boosted by gains in the financial sector.

BUPA Arabia recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus share issue.

Investors also expect index compiler MSCI to dedcide in June to upgrade Riyadh to emerging market status.

In other company news, Qatar Islamic Bank said Q1 net profit jumped 12.6% to 625.2 million riyals ($171.8 million), topping analysts' average forecast of 547 million riyals.

Qatar International Islamic Bank said Q1 net profit rose 7%.

National Bank of Oman reported a nearly 9% slump in quarterly net profit to 12.6 million rials ($32.7 million), below EFG Hermes' forecast of 13.3 million rials but above Gulf Baader Capital Markets' 11.1 million rials.

Saudi Arabia's main index jumped 1% to 8,050 points, Dubai slipped 0.3% to 3,141 points, Abu Dhabi dropped 0.4% to 4,682 points, Qatar added 0.7% to 8,956 points, Kuwait rose 0.3% to 4,780 points, Egypt firmed 0.2% to 17,620 points, Bahrain rose 0.5% to 1,299 points and Oman eased 0.2% to 4,767 points.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.