MIDEAST STOCKS-Saudi stocks slump amid emerging markets sell-off | Reuters:
Saudi Arabia’s stock market dipped on Tuesday as lingering trade disputes weighed on emerging markets.
MSCI’s emerging-market index sank 0.6 percent to a 15-month low amid investor concern over the potential fallout from any escalation in the trade dispute between the United States and China.
The Saudi index swung between gains and losses before finishing the day 0.2 percent down. Banks were the market laggards, with Arab National Bank dropping 2.4 percent, Samba Financial Group down 0.9 percent and National Commercial Bank declining by 1.2 percent.
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