MIDEAST STOCKS-Oil price fall hurts Saudi market; others mixed - Agricultural Commodities - Reuters:
Saudi Arabia's stock market slipped on
Monday, ending three sessions of gains amid falling oil prices,
while Dubai's index was buoyed by gains in banking shares.
Oil prices fell on Monday on concerns about scarce storage
capacity and global economic doldrums from the coronavirus
pandemic. Brent crude was down 85 cents, or 4%, at
$20.59 a barrel by 1143 GMT.
Saudi Arabia's benchmark index retreated 0.2%, with
petrochemical firm Saudi Basic Industries dropping
1.4%, while Bank AlBilad 1140.SE was down 2.3% as the lender
traded ex-dividend.
In Dubai, the index rose 1.5%, with Dubai Islamic
Bank gaining 2.6% and Mashreqbank soaring
14.2%.
The emirate said on Sunday it has lifted its full lockdown
on two commercial districts which have a large population of
low-income migrant workers, after the United Arab Emirates eased
nationwide coronavirus curfews over the weekend.
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