Tuesday 26 January 2016

MIDEAST STOCKS-Saudi, Egypt fall as oil, global bourses decline | Reuters

MIDEAST STOCKS-Saudi, Egypt fall as oil, global bourses decline | Reuters:

"Bourses in Saudi Arabia and Egypt fell in early trade on Tuesday as investors cashed out following a resumption in declines of global stocks and worries over further weakness in oil markets.

Brent broke below $30 a barrel in Asian trade, as fresh worries about oversupply from top producers Saudi Arabia and Iraq spooked the market.

In Riyadh the stock index fell 1.6 percent in the first half hour of trade, with petrochemical stocks weighing on the bourse."



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