MIDEAST STOCKS-Saudi continues slide after FTSE decision, rest of region mixed | ZAWYA MENA Edition:
"Saudi Arabia's stock market opened lower on Monday, falling for a third straight day after FTSE Russell decided last week to upgrade the bourse to emerging market status. The rest of the region was mixed. The Saudi index shed 0.3 percent in the first hour, which analysts attributed to profit-taking after a months-long surge preceding FTSE's decision. The biggest contributor to the index's drop was Saudi Telecom Co, down 1.2 percent. Al Rajhi Bank, which attracted hundreds of millions of dollars of fresh foreign money earlier this year as it is expected to be a major constituent of the FTSE index, slipped 0.3 percent."
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