MIDEAST STOCKS-Saudi ends winning streak as other Gulf markets drop - Reuters:
Saudi Arabia’s stock market opened lower early on Thursday, snapping a four-day winning streak, while other major Gulf markets were pressured by their banking shares.
In Saudi Arabia, the benchmark index fell 0.2%, as Saudi Basic Industries decreased 0.3%, while Savola Group was down 1.2%.
The index, however, saw some support from banking shares with the kingdom’s largest lender National Commercial Bank and Al Rajhi Bank gaining 0.5% and 0.2% respectively.
Dubai’s main index slid 0.8% with blue-chip developer Emaar Properties shedding 1.5%, while Emirates NBD Bank dropped 1.2%.
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