MIDEAST STOCKS-Saudi shares extend losses, property stocks drag down Dubai - Reuters:
Saudi Arabian shares fell sharply on
Tuesday as banks led the index lower, while markets in the
United Arab Emirates extended losses on back of financial and
real estate stocks.
In Saudi Arabia, the stock market index lost 1.2%,
falling for a third consecutive day. Al Rajhi Bank
dipped 1% and Riyad Bank was down 1.4%.
Saudi Ceramic dived 5.9%, despite swinging into a
quarterly net profit from a loss a year earlier.
Among other stocks, Saudi Cement Company declined
5.2%. On Monday the company reported third-quarter net profit of
83 million riyals, up from 75.4 million riyals a year earlier
but down about 10% from the second quarter.
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