Monday 28 October 2019

MIDEAST STOCKS-Emirates NBD lifts #Dubai; Saudis extend losses - Reuters

MIDEAST STOCKS-Emiartes NBD lifts Dubai; Saudis extend losses - Reuters:

Saudi stocks fell for a second day on Monday as banking shares fell, while Dubai was bolstered by Emirates NBD following strong third-quarter profit.

In Saudi Arabia, the index was down 0.3%. Al Rajhi Bank shed 0.7% and Alinma Bank dropped 1.5%.

Zain Saudi fell 2.6%. On Thursday, the telecoms operator reported a third-quarter net profit of 121 million riyals, up from 48 million riyals a year earlier but down nearly 7% from the second quarter.

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