MIDEAST STOCKS-Banks lead Saudi lower, blue chips gain in Egypt | Reuters:
Saudi Arabia's stock market fell for a fifth straight session on Monday as most of its banking sector stocks dropped, while Egypt's blue-chip index gained, helped by a rise in Eastern Company after it forecast a higher full-year profit.
Saudi Arabia's index was down 0.5 percent with lender Samba Financial Group slipping 1.8 percent and Banque Saudi Fransi shedding 1.7 percent.
But the index is still up 7.7 percent this year, outperforming major Gulf markets. Qualified foreign investors led the rally and have been net-buyers of Saudi stocks every week this year.
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