UPDATE 2-MIDEAST STOCKS-Saudi Arabia falls on oil price worries after Iran nuclear deal | Reuters:
"Saudi Arabia's stock market fell in early trade on Sunday after Iran's nuclear deal with world powers fuelled concern about a further decline in oil prices, which would hurt margins at Saudi petrochemical firms.
If confirmed in a final agreement by a June 30 deadline, the nuclear deal would ease sanctions and allow more Iranian oil onto the market, potentially pushing down crude prices. Brent oil plunged nearly 4.0 percent on Thursday in an initial reaction to the deal.
The main Saudi stock index fell 0.9 percent in the opening minutes with Saudi Basic Industries Corp, the biggest petrochemical producer, losing 1.5 percent and testing minor technical support on its March low of 79.25 riyals."
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