Tuesday, 26 February 2019

Mideast Stocks: Weak oil weighs on #Saudi, developer Emaar aids #Dubai | ZAWYA MENA Edition

Mideast Stocks: Weak oil weighs on Saudi, developer Emaar aids Dubai | ZAWYA MENA Edition:

Saudi Arabia's stock market fell on Tuesday, pressured by its banks amid falling oil prices, while Dubai was supported by gains in its largest listed developer Emaar Properties.

Oil prices fell more than 3 percent overnight after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices.

Saudi Arabia's index slid 0.3 percent with Riyad Bank losing 2.1 percent and Al Rajhi Bank falling 0.3 percent.

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