MIDEAST STOCKS- #Saudi index slips, weighed down by banks and Aramco - Reuters

MIDEAST STOCKS-Saudi index slips, weighed down by banks and Aramco - Reuters:

Saudi Arabian stocks closed lower on
Sunday, pulled down by losses at banking and energy firms, while
the indexes in Qatar and Dubai extended their gains to a
straight seventh day.

Saudi Arabia's index was down 0.1%. Saudi Aramco
weighted the index most with a 0.7% fall, extending
losses to a third day running.

On Sunday, Al Rajhi Capital Research rated the Aramco stock
"neutral" in line with most other brokerages and set a target
price of 37.5 riyals ($10.00)per share. 

JPMorgan was the first major brokerage to initiate
coverage of Saudi Aramco with an "overweight" rating, setting a
price target of 37 riyals per share and saying it sees scope for
an increase in the energy giant's proposed $75 billion base
dividend.