MIDEAST STOCKS-Saudi Arabia, Egypt join regional pull-back | Reuters:
"Stock markets in Saudi Arabia and Egypt fell in early trade on Monday after oil prices dropped and emerging market equities in Asia slipped.
The main Saudi stock index fell 1.6 percent, with petrochemicals heavyweight Saudi Basic Industries (SABIC) the main drag. It slid 2.2 percent, in line with the price of oil, which affects the industry's profit margins.
Brent crude futures for October delivery have dropped more than $1 or 2 percent on Monday as traders book profits after last week's rally, which saw the biggest two-day rise in six years."
'via Blog this'
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