Mideast Stocks: Banks hold back Saudi as Qatar, Dubai extend losses – ZAWYA

Mideast Stocks: Banks hold back Saudi as Qatar, Dubai extend losses – ZAWYA

Mideast Stocks: Banks hold back Saudi as Qatar, Dubai extend losses | ZAWYA MENA Edition HomeMarketsArticleMideast Stocks: Banks hold back Saudi as Qatar, Dubai extend losses Saudi Arabian stocks ended lower on Monday    A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. Saudi Arabian stocks ended lower on Monday, hurt by losses in banking shares, while the indexes in Qatar and Dubai extended their retreat to a straight fourth day.Saudi Arabia's benchmark index slipped 0.1% in choppy trading, with National Commercial Bank (National Commercial Bank1), which closed up 5% in the previous session, declining 4.5% and Al Rajhi Bank losing 1%.NCB, the kingdom's biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba Financial Group1090.SE to create a combined entity with almost $214 billion in assets.Saudi Arabia's benchmark index slipped 0.1% in choppy trading, with National Commercial Bank (National Commercial Bank1), which closed up 5% in the previous session, declining 4.5% and Al Rajhi Bank losing 1%.Saudi Arabian stocks ended lower on Monday, hurt by losses in banking shares, while the indexes in Qatar and Dubai extended their retreat to a straight