MIDEAST STOCKS-NCB, Mobily hit Saudi, Emaar still weighs on Dubai:
"National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 points on the back of the banking and insurance sectors, as NCB reported an 8.4 percent rise in third-quarter net profit, or around 5 percent below analysts’ estimates. It fell 4.8 percent. Bank Aljazira fell 1.0 percent, although it reported a 41 percent rise in third-quarter net profit to 228 million riyals. Alawwal Bank also sank 3.4 percent. Alinma Bank was the most heavily traded stock and lost 2.1 percent."
'via Blog this'
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