Saudi Stocks Slide to Six-Month Low as Oil Hurts Profit Outlook

  • Banking shares in the kingdom drop to lowest since 2009
  • Quarterly profits of Saudi listed companies missed estimates

JPMorgan's Michele: Oil Can Settle in at $42, $43

Saudi Arabian stocks slid to a six-month low as crude extended a drop below $50 a barrel, dimming the outlook for corporate earnings that trailed estimates last quarter.

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