MIDEAST STOCKS-Saudi stocks slip; Salama plunges on right issue | Reuters:
"Saudi Arabian stocks fell early on Wednesday as oil prices weakened and Salama Cooperative Insurance plunged in response to a rights issue.
Brent crude slipped more than 1 percent to around $62.60 a barrel on Wednesday morning after Greece defaulted on its debt and data showed both U.S. and OPEC oil production had hit records.
This ended Tuesday's round of buying by retail investors. The Saudi stock index dropped 0.4 percent as petrochemical producer Saudi Basic Industries lost 1.2 percent."
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