Saudi Arabia's index ends lower for a first session in four, easing from Saturday's four-month high as the feel-good factor from global market gains gives way to local apprehension about petrochemical producers' quarterly results.
Saudi Basic Industries Corp (SABIC) falls 0.8 percent, its subsidiary Saudi Arabian Fertilizers Co (Safco) drops 0.9 percent and Sahara Petrochemical slides 0.7 percent.
"All eyes are on Q3 results and investors don't expect great numbers from petrochemicals," says Hesham Tuffaha, Bakheet Investment Group's head of asset management. "Average petrochemical product prices in Q3 are below that for Q2."
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