MIDEAST STOCKS-Saudi falls in early trade after oil turns south | Reuters:
"A drop in oil prices dampened investor confidence in Saudi Arabia's stock market, prompting a broad sell-off in early trade on Tuesday.
The petrochemical sector was the main drag as Riyadh's index fell 0.8 percent in the first 30 minutes after oil slipped below $39 a barrel. Saudi Basic Industries, the largest listed petrochemical producer, fell 0.7 percent.
But construction company Khodari added 3.0 percent after it announced that it had received 9.1 million riyals ($2.4 million) as compensation from the state's Human Resource Development Fund for the impact of labour reforms. The gain will be booked in the first quarter of 2016, the company said in a bourse statement."
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