STOCKS NEWS MIDEAST-Sabic, petchems drag Saudi mkt lower - Yahoo! News Maktoob

Petrochemical stocks weigh on Saudi Arabia's benchmark ahead of third-quarter earnings.
Heavyweight Saudi Basic Industries Corp ends 1.1 percent lower as does Rabigh Refining and Petrochemical Co. The petrochemical index declines 0.7 percent.
"Selling pressure on the petrochemical stocks is dragging the index lower, due to fears over third-quarter earnings," said a Saudi-based trader, declining to be identified.
The index ends 0.4 percent lower at 6,863 points.
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