16-01-2017 14:38 via news.yahoo.com

MIDEAST STOCKS-Sinking banks drag down Saudi stocks, rest of region mixed

* Earnings miss at Riyad Bank prompts slide by sector * Oil shipper Bahri sinks on Q4 earnings * Qatar National Bank closes firm despite earnings miss * Egypt's Global Telecom drops on plan to cancel GDRs * But Commercial International Bank climbs on HSBC upgrade By Andrew Torchia DUBAI, Jan 16 (Reuters) - A slide in banking shares after earnings at a major bank missed analysts' estimates dragged down Saudi Arabia's stock market on Monday, while markets in the rest of the region were mixed. ...
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