MIDEAST STOCKS-Lenders weigh on Saudi, Dubai's Arabtec jumps on potential merger - Reuters:
Saudi Arabian stocks fell on Tuesday as banking shares weakened, while builder Arabtec Holding posted its sharpest single-day rise in more than two years after announcing a potential merger, helping to lift the Dubai index.
Saudi’s index was down 0.6%. Al Rajhi Bank and the kingdom’s largest lender National Commercial Bank both dropped 1.1%.
Real estate firm Arriyadh Development and gym network operator Leejam Sports shed 3.5% and 0.8% respectively as the stocks traded ex-dividend.
No comments:
Post a Comment