MIDEAST STOCKS-Saudi snaps five days of gains with most Gulf markets subdued - Reuters:
The Saudi Arabian stock market snapped a
five-day rising streak on Sunday with lenders taking a breather
after riding high on a lending boom related to Saudi Aramco's
public listing.
Other markets in the region were mostly lower as concerns
surrounding global trade persisted.
To help local Saudis to buy Aramco shares, banks are
marketing loans, with some offering four times the usual lending
limit, two financial sources told Reuters earlier this month.
The jump in lending has prompted Saudi Arabia's central bank
to monitor banking sector liquidity on a daily basis but there
have not been any issues so far, the central bank governor said.
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