Monday 25 May 2015

MIDEAST STOCKS-Gulf markets little moved but Saudi's Ma'aden surges; Egypt slips | Reuters

MIDEAST STOCKS-Gulf markets little moved but Saudi's Ma'aden surges; Egypt slips | Reuters:



"Gulf stock markets were narrowly mixed on Monday as oil prices moved very little and bourses were shut for public holidays in the United States and much of Europe.



Brent oil inched up early on Monday on strong Asian and U.S. demand but then slipped towards $65 a barrel as the U.S. dollar strengthened.



Saudi Arabia's index inched down 0.1 percent and National Industrialization Co (Tasnee) was the main drag, dropping 2.3 percent after its chief executive told Saudi Arabia's Al-Riyadh newspaper that its petrochemicals business faced increased competition from Chinese producers while the titanium business suffered from lower prices."



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