Tuesday 15 September 2015

MIDEAST STOCKS-Oil weighs on Saudi; Egypt firm | Reuters

MIDEAST STOCKS-Oil weighs on Saudi; Egypt firm | Reuters:

"Saudi Arabia's stock market fell early on Tuesday as oil struggled to recover from Monday's sharp losses, while Egypt remained positive.

The main Saudi stock index fell 0.5 percent. Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, was down 1.6 percent.

Another heavyweight, mining, metals and chemicals firm Ma'aden, fell 2.0 percent. Aluminium is one of the company's main products and economic growth in China, which accounts for half the world's aluminium demand, appears to be slowing."



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