Sunday 7 June 2015

MIDEAST STOCKS-Saudi Arabia slips alongside oil, Egypt down after weak data | Reuters

MIDEAST STOCKS-Saudi Arabia slips alongside oil, Egypt down after weak data | Reuters:



"Stock markets in Saudi Arabia and Egypt edged down in early trade on Sunday, in line with the rest of the Middle East, after oil prices fell on the week and fighting in Yemen intensified.



Despite a rally on Friday, Brent crude fell 3.6 percent last week as OPEC left its output unchanged.



Yemen's dominant Houthi group and its allies fired a Scud ballistic missile into Saudi Arabia which the kingdom said it shot down on Saturday, in a major escalation of two months of war. Fighting also intensified along the border between the two countries."



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