Tuesday, 4 September 2012

MIDEAST STOCKS-Saudi dips for 4th day; Egypt at 14-mth high - Yahoo! News Maktoob

Saudi Arabia's bourse closed lower for a fourth day on Tuesday and other Middle East markets were mixed as investors waited for cues on policy action from European central banks to tackle slowing economic growth. The kingdom's index lost 0.4 percent, edging further away from Wednesday's 16-week high.
Petrochemical stocks were the main drag, with Saudi Basic Industries Corp (SABIC), the world's largest chemicals producer, falling 1.7 percent. National Industrialization dipped 0.9 percent and Saudi Kayan Petrochemical declined 1.1 percent.

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