Mideast Stocks: Major Gulf indexes slip in early trade – ZAWYA

Mideast Stocks: Major Gulf indexes slip in early trade – ZAWYA

Mideast Stocks: Major Gulf indexes slip in early trade | ZAWYA MENA Edition HomeMarketsEquitiesArticleMideast Stocks: Major Gulf indexes slip in early trade The benchmark index of Saudi Arabia slipped 0.3%    Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose. Major bourses in the Gulf fell in early trade on Monday, with banking shares weighing on the Saudi index a day after it advanced after two lenders in the sector said they signed an initial merger agreement.The benchmark index of Saudi Arabia, which has reported the highest number of new coronavirus infections in the six countries of the Gulf Cooperation Council (GCC), slipped 0.3%.National Commercial Bank (NCB), which closed up 5% in the last session, declined 3.2% and Riyad Bank was down 2.2%.The benchmark index of Saudi Arabia, which has reported the highest number of new coronavirus infections in the six countries of the Gulf Cooperation Council (GCC), slipped 0.3%.Major bourses in the Gulf fell in early trade on Monday, with banking shares weighing on the Saudi index a day after it advanced after two lenders in the sector said they signed an initial merger agreement.National Commercial Bank (NCB), which closed