Sunday 16 September 2018

CORRECTED-MIDEAST STOCKS-Saudi drops on blue-chip weakness, Dubai hurt by DSI | Reuters

CORRECTED-MIDEAST STOCKS-Saudi drops on blue-chip weakness, Dubai hurt by DSI | Reuters:

Gulf stocks were mostly lower on Sunday morning, with Saudi Arabia under pressure after closing at a six-month low in the previous session and Dubai hit by continued selling in contractor Drake & Scull International .

Declines in key blue-chip stocks pushed down the Saudi market by 0.2 percent in early trade.

Shares of top petrochemical firm Saudi Basic Industries were down 0.3 percent and refining firm Petro Rabigh fell 0.9 percent.

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