Tuesday, 15 October 2019

MIDEAST STOCKS- #Saudi stocks slide on banks as most Gulf markets lower - Reuters

MIDEAST STOCKS-Saudi stocks slide on banks as most Gulf markets lower - Reuters:

Most Gulf stock markets were lower on Tuesday with banking stocks weighing in Saudi Arabia.

The Saudi Arabian index shed 0.5% in early trading, as Riyad Bank declined 2.1% and National Commercial Bank, the kingdom’s largest lender by assets, decreased 1.2%.

Saudi Arabian Mining Co (Ma’aden) slid 1.2%, having signed a cooperation agreement with Russia’s PhosAgro to support food security.

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