A slump in Saudi Arabia's benchmark and a bearish sentiment among global investors set the tone for further declines in the Gulf markets on Sunday.
Saudi shares closed 1.7 percent lower to an 11-week low on Saturday as the market reacted to lacklustre quarterly results, weak global stocks and a dip in energy prices.
Saudi Arabian Fertilizer Co (Safco) reported a 5.1 percent fall in third-quarter net profits, while Samba Financial
Group posted a quarterly net profit rise of 2.3 percent.
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