MIDEAST STOCKS-Saudi shares down as banks fall; Dubai extends winning streak - Reuters:
Saudi Arabia’s stock market slid on Monday as most of its banking shares dropped, while Dubai rose for its eighth straight session, partly aided by United Arab Emirates’ largest sharia-compliant lender, Dubai Islamic Bank.
Saudi Arabia’s index was down 0.5 percent as Al Rajhi Bank slid 1.5 percent and Banque Saudi Fransi fell 1.6 percent.
Saudi’s Almarai lost 1.1 percent. On Sunday, the dairy producer reported a drop of 2.6 percent in its first-quarter results.
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