Mideast Stocks: Saudi slips on profit-taking, banks drag Abu Dhabi lower | ZAWYA MENA Edition:
Saudi Arabia's stock market fell on Monday with most sectors turning red, led by the banks as investors focused on profit-taking after the market by far outperformed its major Gulf peers. Financial stocks also pulled Abu Dhabi down.
Saudi Arabia's index was down 0.3 percent with its biggest lender, National Commercial Bank, decreasing 1.3 percent and Al Jazira Bank shedding 1.7 percent.
The Saudi index has got off to a strong start this year, taking many by surprise, with a 10 percent gain year-to-date after returning 8.3 percent in 2018.
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