MIDEAST STOCKS-Banks weigh on Saudi and Dubai, as Qatar rebound continues | Reuters

MIDEAST STOCKS-Banks weigh on Saudi and Dubai, as Qatar rebound continues | Reuters:

Shares of blue chip banks and petrochemical companies weighed on the Saudi stock market on Tuesday, while Qatar’s benchmark index continued to recover.

Saudi Arabia, the region’s biggest stock market, ended down 0.2 percent. The index’s two biggest market movers, Al-Rajhi Bank and petrochemicals giant SABIC , both shed 0.5 percent.

Riyad Bank and Saudi British Bank (SABB) also closed down 1.1 percent and 1.6 percent respectively.