MIDEAST STOCKS-New Saudi-MSCI index dips; earnings boost Dubai | Reuters:
Saudi Arabia's stock market, which introduced the MSCI Tadawul 30 index, fell on Thursday as its bank stocks slid, while Dubai gained sharply lifted by corporate earnings results.
Saudi Arabia's main index fell 0.3 percent. National Shipping Company of Saudi Arabia dropped 2.5 percent after its fourth-quarter net profit more than halved.
But Riyad Bank rose 2.1 percent after posting a 39 percent gain in its fourth-quarter net profit, according to Reuters calculations.
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