MIDEAST STOCKS-Saudi shares fall before reform news; Zain up on refinancing | Reuters:
"Saudi Arabia's stock market fell on Sunday the details of the kingdom's economic reforms are announced, but telecommunications operator Zain Saudi soared in response to a loan refinancing. Other regional markets were mixed.
The Saudi index dropped sharply late in the session and closed 1.2 percent lower.
The Saudi government is expected to announced on Monday details of economic reforms that it originally outlined in April. That may include targets in a drive to make government more efficient, efforts to involve the private sector in development, and possibly fiscal steps to curb a budget deficit caused by low oil prices."
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