Mideast Stocks: Riyad Bank jumps to 4-year high on deal talk, oil drags down Gulf | ZAWYA MENA Edition:
The Saudi stock market fell on Tuesday, pressured by sliding oil prices, but Riyad Bank was one of the top gainers, hitting a four-year high after announcing merger talks with National Commercial Bank
All major Middle Eastern markets dropped on weak oil prices and tepid global sentiment, with Dubai's index continuing to hover at a five-year low, weighed down by property stocks.
Oil prices plunged to their lowest level in more than a year on Monday, as fears of an economic slowdown weighed on the market.
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