MIDEAST STOCKS-Saudi, Egypt fall in line with oil, global equities | Reuters:
"Stock markets in Saudi Arabia and Egypt fell in early trade on Monday, dragged down by second-quarter earnings and the poor performance of oil and global bourses.
The main Saudi stock index fell 1.2 percent as stocks in the petrochemicals sector led losses.
Heavyweight Saudi Basic Industries dropped 2.8 percent after NBK Capital downgraded the stock to "hold" from "buy" and said its earnings had most likely peaked for the short term. The company had reported better-than-expected second-quarter earnings on Sunday."
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