MIDEAST STOCKS-Saudi Arabia underperforms Gulf as banks slide on fee worries | Reuters:
"Most Middle East stock markets edged up on Monday, but banks and petrochemicals dragged down Saudi Arabia because of concern about regulatory intervention and weak oil prices.
Oil continued to drop as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. The two sides aim to reach a preliminary agreement by Tuesday.
The main Saudi stock index fell 1.3 percent as petrochemicals giant Saudi Basic Industries Co edged down 0.7 percent. Ex-dividend Savola Group and Sahara Petrochemical Co, down 1.7 and 7.1 percent respectively, were also among the main drags."
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