Sunday 20 January 2019

MIDEAST STOCKS-Banks hurt Saudi, most Gulf markets fall | Reuters

MIDEAST STOCKS-Banks hurt Saudi, most Gulf markets fall | Reuters:

Bank shares led Saudi Arabia's stock market lower on Sunday as most regional bourses fell.

In Saudi Arabia, the index lost 0.8 percent with Al Rajhi Bank and Samba Financial Group falling 1.1 percent and 3.3 percent respectively.

The Gulf's largest dairy company Almarai shed 6 percent after reporting a 28 percent drop in fourth quarter profit.

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