MIDEAST STOCKS-Saudi shares slip after news of king's admission to hospital - Reuters:
The Saudi Arabian stock market fell slightly in early trade on Monday after news that King Salman bin Abdulaziz had been admitted to hospital.
Other major Gulf markets were mixed.
The king, who is suffering from inflammation of the gall bladder, is undergoing medical checks, state news agency SPA said on Monday.
Saudi Arabia’s benchmark index dropped 0.5%, with petrochemical firm Saudi Basic Industries shedding 1.1% and oil giant Saudi Aramco losing 0.3%.
Amongst others, Yanbu National Petrochemicals slid 2.3%, a day after it reported a fall in second-quarter-net profit.
Dubai’s main share index dropped 0.3%, driven down by a 0.9% decline in Emirates NBD Bank.
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