MIDEAST STOCKS-Egyptian stocks drop ahead of c.bank meet, Mobily weighs on #Saudi - Reuters

MIDEAST STOCKS-Egyptian stocks drop ahead of c.bank meet, Mobily weighs on Saudi - Reuters:

Saudi Arabia's benchmark index closed 0.2% lower with Mobily
down 3.3%. The telecom operator swung to a profit of 31 million riyals
($8.27 million) in 2019, but missed analysts' estimates of about 194 million
riyals, according to Refinitiv data. 

State-owned Saudi Aramco closed up 0.3% at 33.2 riyals ($8.85).

The Abu Dhabi index slipped 0.5% as First Abu Dhabi Bank
shed 1.3% and Abu Dhabi Commercial Bank lost 0.7%.

In Qatar, the index ended up 0.7%. Qatar National Bank rose
1.6%, while Nakilat added 2.3% after the energy shipping and transport
firm reported a 12.4% rise in 2019 profit.

However, Doha Bank plunged 10% to its lowest in over eight months
after the lender posted a 9.2% drop in its annual profit to 754 million riyals
($207.14 million).