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Sunday, 18 September 2016

MIDEAST STOCKS-Saudi pulls back as market re-opens after holiday | Reuters

MIDEAST STOCKS-Saudi pulls back as market re-opens after holiday | Reuters:

"Saudi Arabian stocks pulled back in early trade on Sunday after the bourse reopened following the Eid al-Adha break, with investors deterred by a recent downturn in global equity and oil markets.

Riyadh's index was down 1.3 percent after an hour of trade as three quarters of the traded shares dropped.

Oil-related companies were the biggest losers, with Saudi Kayan Petrochemical declining 2.3 percent in heavy trade, after Brent futures fell by around 5 percent during the 10 days the Riyadh bourse was closed."



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