MIDEAST STOCKS-Markets stay weak, ADNOC plans boost Abu Dhabi:
"Most Middle East stock markets fell on Tuesday, weighed down by geopolitical worries, but Abu Dhabi was boosted by government plans to privatise parts of Abu Dhabi National Oil Co (ADNOC). Saudi Arabia’s stock index fell 0.4 percent on the back of weak banks and cement shares. National Commercial Bank , the largest lender, lost 1.8 percent while Riyad Bank fell 1.2 percent. Northern Cement lost 1.1 percent. Food maker Savola dropped 2.3 percent to 35.65 riyals after Morgan Stanley cut its target price for the stock to 44 riyals from 50.6 riyals."
'via Blog this'
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