MIDEAST STOCKS-Global trade row escalation sends Gulf stocks tumbling - Agricultural Commodities - Reuters:
Gulf stock markets dropped on Monday, mostly weighed down by banking shares, as a fresh escalation in the U.S.-China trade dispute drove investors towards safer assets.
The Saudi Arabian index was down 1.1%, also hit by disappointment over some corporate earnings.
Banque Saudi Fransi shed 2.7% after posting a 4.4% decline in second-quarter profit, citing higher provision for zakat, an Islamic tax in Saudi Arabia.
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