Saudi Arabia's index slumps to a seven-week closing low as heavyweight bank and petrochemical stocks head declines, with a renewed slump in oil prices weighing on sentiment in the world's top crude exporter.
Al-Rajhi Bank falls 2.8 percent to a nine-month low. The Gulf's largest listed lender is forecast to post a 9
percent rise in third-quarter profit.
Saudi Basic Industries Corp (SABIC) drops 0.8 percent. The petrochemicals' index falls 0.7 percent.
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