MIDEAST STOCKS-Saudi index pressured by banks; other markets mixed - Reuters:
The Saudi Arabian stock market fell for a third straight session on Sunday as banks extended losses while other major Gulf markets were mixed.
Investment bank EFG Hermes had said on Wednesday that the investment case for Saudi banks is no longer “compelling” against a backdrop of receding passive fund flows and the emergence of credit quality concerns among others.
All Saudi banks closed lower in the two sessions after that assessment, dragging the index close to an eight-month low.
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