MIDEAST STOCKS-Saudi, Dubai fall on weak corporate earnings | Nasdaq:
Most major Gulf stock markets lost ground on Tuesday, with a slew of weak corporate earnings dragging shares in Saudi and Dubai lower.
Saudi Arabia's benchmark index .TASI retreated 0.6%, pulled lower by a 2.6% decline in Al Rajhi Bank 1120.SE after the lender missed expectations for full-year profit.
The bank reported an annual profit of 10.16 billion riyals ($2.71 billion), compared with 3.77 billion riyals a year ago. However, the figure was lower than analysts' average estimate of 10.64 billion riyals, according to Refinitiv data.
Mobile Telecommunications Company 7030.SE dropped 5.1%, its biggest intraday fall since August.
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