MIDEAST STOCKS-Saudi Arabia slips, other Gulf markets rise | Reuters:
"Saudi Arabia's bourse pulled back slightly on Monday after several companies reported poor first-quarter earnings; other Gulf markets were positive, although disappointing earnings slowed Qatar's advance.
The main Saudi index edged down 0.3 percent to 9,589 points, having surged 4.0 percent in the previous session on news that the market regulator would allow foreigners to buy local stocks directly from June 15.
Petrochemicals and titanium producer National Industrialization Co (Tasnee) tumbled 5.4 percent after the firm said it had swung to a first-quarter net loss, which it blamed on lower sales prices and adverse moves in foreign exchange hedging contracts at a subsidiary."
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