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Wednesday, 25 April 2018

MIDEAST STOCKS-Saudi stocks slip again, Dubai contractor DSI falls | Reuters

MIDEAST STOCKS-Saudi stocks slip again, Dubai contractor DSI falls | Reuters:

"Saudi stocks slipped further in early trade on Wednesday from more than two-year highs earlier in the week, while Dubai’s market also fell.

After closing lower on Tuesday, the Saudi index dipped 0.5 percent, with market heavyweight Saudi Basic Industries the biggest drag, falling 0.6 percent. Another blue-chip stock, Samba Financial Group tumbled 1.8 percent.

After huge inflows in anticipation of the upgrade of Saudi stocks to emerging markets indexes, analysts said investors have begun to view some of the banks and petrochemical stocks as expensive."



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