Wednesday 25 April 2018

MIDEAST STOCKS-Saudi falls for second day, property stocks weigh on Dubai | Reuters

MIDEAST STOCKS-Saudi falls for second day, property stocks weigh on Dubai | Reuters:

"Saudi Arabia’s stock index fell for a second consecutive day on Wednesday as investors dumped blue-chip stocks, while property stocks dragged down Dubai’s market. The Saudi index closed 1.0 percent lower after hitting a more than two-year high earlier in the week. Saudi Basic Industries, the largest stock, was a big contributor to the decline, falling 0.9 percent. Banks Samba Financial Group and National Commercial Bank also weighed on the index, falling 3.2 percent and 1.3 percent, respectively."



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