MIDEAST STOCKS-Banks, petchems drag Saudi lower - Reuters:
The Saudi Arabian stock market fell in early trade on Thursday as banking and petrochemical shares declined, while other Gulf markets were mixed.
Saudi Arabia’s index slipped 0.7% extending losses for a third day, with Al Rjahi Bank and the country’s largest lender National Commercial Bank both falling 1%.
The Gulf’s biggest petrochemical maker Saudi Basic Industries (SABIC) shed 0.8% and Sahara International Petrochemical (Sipchem), which traded ex-dividend, plunged 4.3%.
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