Sunday 6 September 2015

MIDEAST STOCKS-Saudi slips on oil, Egypt positive | Reuters

MIDEAST STOCKS-Saudi slips on oil, Egypt positive | Reuters:



"Saudi Arabia's stock market slipped in early trade on Sunday, tracking weak oil prices, while Egypt's bourse edged up, supported by positive news.



The main Saudi stock index edged down 0.3 percent and petrochemicals heavyweight Saudi Basic Industries fell 0.7 percent after oil prices, which affect the company's margins, fell about 2 percent on Friday.



Most other companies in the petrochemicals sector also fell and the sector's index was down 0.9 percent."



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