MIDEAST STOCKS-Banks hurt Saudi; Dubai continues to gain on Emaar - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market fell on Thursday, with Al Rajhi Bank, the country’s second largest lender by assets, weighing on the index, while Dubai extended its series of gains on the back of top developer Emaar Properties.
In Saudi Arabia, the index lost 0.4% with Al Rajhi Bank and National Commercial Bank falling 2.3% and 0.6% respectively.
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, slid 0.2% after it halted negotiations with Clariant to form a new high performance materials company from the combined assets of the two companies.
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