MIDEAST STOCKS- #Saudi drops as banks decline but COMI supports Egypt - Reuters

MIDEAST STOCKS-Saudi drops as banks decline but COMI supports Egypt - Reuters:

Most major Gulf stock markets fell on Monday, with Saudi
stocks leading the losses on the back of declines in financial shares, while
Commercial International Bank (COMI) aided Egypt's index.

In Saudi Arabia the index dropped 1.4%, with Al Rajhi Bank
losing 2.9% and National Commercial Bank diving 3.8%.

Zain Saudi extended losses from the previous session to end 3.4%
down. The telecoms operator on Thursday reported a third-quarter net profit of
121 million riyals ($32 million), up from 48 million a year earlier but down
nearly 7% from the second quarter.

Al Hammadi Company For Development And Investment fell 2.4% after
it reported a fall in third-quarter net profit.