Sunday, 25 August 2019

MIDEAST STOCKS- #Saudi slides amid global weakness, developers down in #UAE - Reuters

MIDEAST STOCKS-Saudi slides amid global weakness, developers down in UAE - Reuters:

Gulf stocks shed value in early trading on Sunday after global stocks and oil prices slid last week amid a further escalation of the U.S.-China trade war.

The Saudi index was down 1.3% in the first 10 minutes of trading, with banks and petrochemical companies feeling the pressure.

Alinma Bank – among the shares registering the highest trading volume – was down 1.5% and Al Rajhi Banking & Investment Corporation slid 1.2%.

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