UPDATE 2-MIDEAST STOCKS-Saudi slips after oil price drop, bomb attack; Egypt up | Reuters:
"Saudi Arabia's stock market fell in early trade on Sunday after oil prices fell and Islamic State militants carried out their first attack in the kingdom, while Egypt's bourse extended gains after rising above key technical resistance.
Brent oil fell $1.17, or 1.8 percent, to $65.37 a barrel on Friday, declining 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day rally.
Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, dropped 2.7 percent and was the main drag on Saudi Arabia's index which lost 0.7 percent."
'via Blog this'
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