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Sunday, 18 September 2016

MIDEAST STOCKS-Saudi shares drop as activity falls to 12-month low, Qatar rises | Reuters

MIDEAST STOCKS-Saudi shares drop as activity falls to 12-month low, Qatar rises | Reuters:

"Equity investors dumped Saudi Arabian stocks on Sunday, deterred by a recent downturn in global equity and oil markets while Qatar's index held on to small gains as traders bought shares on price dips.

Riyadh's index pulled back 1.9 percent on the first day back following a 10-day Eid al-Adha break. But trading volume was the lowest since last September.

Oil-related companies were hit 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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