MIDEAST STOCKS-Saudi slips as Iran deal puts pressure on oil; Egypt up | Reuters:
"Saudi Arabia's stocks inched down in early trade on Tuesday as oil prices fell on news that Iran had reached a deal with six world powers that will see sanctions against Tehran lifted. Egypt's market rose broadly.
Oil prices tumbled more than $1 on Tuesday on news of the Iranian nuclear deal; shares in heavyweight petrochemicals firm Saudi Basic Industries lost 0.3 percent.
The main Saudi index slipped 0.1 percent, also dragged down by weak earnings from Yanbu National Petrochemical Co (Yansab) and property developer Dar Al Arkan ."
'via Blog this'
No comments:
Post a Comment