MIDEAST STOCKS-Saudi stocks fall as most of Gulf markets rise - Reuters:
Saudi Arabian stocks fell on Sunday led
by banks, while most Gulf markets gained, mirroring Friday's
surge in global peers after talks between the United States and
China progressed towards a resolution of their trade war.
Saudi Arabia's index retreated 0.8%. The kingdom's
largest lender National Commercial Bank and Riyad Bank
dropped 2.4% and 2.3%, respectively, ahead of company
earnings season starting this week.
The banking stocks also fell as the Saudi central bank said
on Sunday that financial institutions in Saudi Arabia should
hire Saudi nationals for leading positions and, if they hire
foreigners, they will have to explain the reason to the
regulator.
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