MIDEAST STOCKS-Banks, petchems pressure Saudi market; other bourses mixed - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market fell sharply on Sunday, dragged down by financial and petrochemical stocks, while other Gulf markets were mixed.
Saudi Arabia’s index declined 2.3% with market heavyweight Al Rajhi Bank losing 2.8% and National Commercial Bank, the country’s largest lender by assets, down 3%.
Saudi British Bank slid 3.1% after it posted a flat third-quarter net profit, thanks to an increase in the provision for losses related to its merger with Alawwal Bank.
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