MIDEAST STOCKS-Banks lead Saudi lower, most other Gulf markets dip - Reuters:
Saudi Arabia's stock market retreated on
Monday, snapping a three-day winning streak and hurt by falls in
banking shares, while other major Gulf markets mostly ended
lower.
The Saudi index closed down 0.3% with Al Rajhi Bank
shedding 1% and Riyad Bank dropping 2.5%.
Yanbu National Petrochemicals (Yansab) was the top
loser on the index, down 3.6%. The Company's profit more than
halved in the third quarter, compared with the same period last
year.
Saudi Arabian consumer prices fell in September compared
with a year earlier for the ninth month in a row, but at the
slowest pace so far this year, government data showed on Monday.
No comments:
Post a Comment