MIDEAST STOCKS-Saudi hit by valuation woes, Drake & Scull hurts Dubai | ZAWYA MENA Edition:
"Saudi stocks slid 0.6 percent on Tuesday as concerns grew about rich valuations for blue-chip stocks after the region's biggest stock market hit a more than a two-year high last week. Most Gulf markets were lower with Dubai and Qatar both falling more than 1 percent. Al Rajhi Bankdropped 1.9 percent despite reporting a 7.3 percent rise in first-quarter net profit on Tuesday, marking the ninth quarter of earnings growth in a row."
'via Blog this'
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