MIDEAST STOCKS-Gulf tracks falling oil prices; bomb attack weighs on Saudi | Reuters

MIDEAST STOCKS-Gulf tracks falling oil prices; bomb attack weighs on Saudi | Reuters:



"Most Gulf stock markets fell on Thursday as Brent oil dipped below $50 per barrel again, and Saudi Arabia led losses after a suicide bomb attack in the southwest of the country killed 17 members of a state security unit.



The main Saudi index was down about 1 percent before news of the attack and then slid further, closing 1.6 percent down at a four-month low of 8,655 points. Petrochemical producer Saudi Basic Industries, down 2.3 percent, was the main drag on the benchmark.



Banking and consumer blue chips were also soft. Top lender National Commercial Bank fell 0.9 percent and food maker Savola Group dropped 2.3 percent."



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