MIDEAST STOCKS-Saudi slides on blue-chip weakness, Egypt hit by sell-off - Reuters:
Saudi Arabia's stock market slipped on Monday as
investors cut positions in blue-chip stocks amid lingering uncertainty from
regional tensions, while a wide sell-off pulled down Egypt's blue-chip share
index.
Saudi Arabia's index was down 0.7%, pressured by weakness in key
banking and petrochemical shares. Al Rajhi Bank fell 0.7% and Saudi
Basic Industries was off by 1.3%.
Saudi Arabia's central bank said on Sunday it had fined 16 financial
institutions, including Al Rajhi Bank, for violating principles of responsible
finance.
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