Sunday, 16 February 2020

MIDEAST STOCKS-Stocks slip in early trade, Aramco weighs on #Saudi - Reuters

MIDEAST STOCKS-Stocks slip in early trade, Aramco weighs on Saudi - Reuters:

Most major Gulf stock markets fell in early trade on Sunday, with Saudi Arabia pulled lower by losses in Saudi Aramco and banking shares, while Abu Dhabi was up in response to positive corporate earnings.

Saudi Arabia’s benchmark index inched down 0.2%, led by a 0.8% fall in Saudi Aramco. The stock was trading at 32.85 riyals, below its initial public offering price of 32.

The oil giant said on Friday it would report 2019 full-year results on March 16. 


Among banking shares, National Commercial Bank and Riyad Bank banks were down 0.7% and 0.4% respectively.

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