MIDEAST STOCKS-Blue-chip banks pressure Saudi, property stocks impede Dubai | Reuters:
Saudi Arabia's stock market fell on Monday as most of its blue-chip bank shares slid, while Dubai snapped an eight-day winning streak, pulled down by its real estate stocks.
Saudi Arabia's index decreased 0.9 percent with Al Rajhi Bank falling 0.6 percent and Riyad Bank losing 3.1 percent.
The Saudi market is consolidating after a strong rally last month due to an increase in foreign fund flows ahead of the market's inclusion in key emerging market benchmarks later this year. The index is up nearly 8 percent year to date.
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