MIDEAST STOCKS-Profit-taking hits UAE markets, Saudi inches up - Reuters:
Abu Dhabi's stock market slid on
Monday, affected by profit-taking and a sell-off in its
financial shares, while Saudi Arabia was the only major Gulf
market to rise.
The Abu Dhabi index lost 0.9 percent in its fourth
straight day of declines, with energy firm Dana Gas
dropping 4.1 percent and the largest bank in the United Arab
Emirates, First Abu Dhabi Bank, losing 1.2 percent.
Dana's stock traded ex-dividend on Thursday and has been
sliding since. First Abu Dhabi Bank posted a 3.6 percent rise in
first-quarter 2019 profit.
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