MIDEAST STOCKS-Saudi hit by profit-taking, financials drag major Gulf markets - Reuters:
Saudi Arabia's stock market fell on Monday
to its lowest point in eight months, hurt by profit-taking in
its banks, while most major Middle Eastern markets also slid
sharply.
The Saudi index was down 1.5 percent, weakened by
financial and petrochemical stocks. Its biggest lender, National
Commercial Bank, decreased 1.9 percent and Banque
Saudi Fransi lost 4.3 percent.
Oil prices tumbled after U.S. President Donald Trump said he
would sharply raise tariffs on Chinese goods this week.
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