Saudi stocks are little changed in early trade after opening slightly lower in response to the drop of oil prices on
Friday.
Oil prices settled lower on Friday after U.S. data showed a sharp rise in gasoline inventories and as investors worried that U.S. budget negotiators may not reach a deal in time to avert a fiscal crisis that could erode oil demand.
The all-share index is up 0.1 percent to 6,876 points. Shares in petrochemical giant Saudi Basic Industries (SABIC) drop 0.3 percent.
No comments:
Post a Comment