MIDEAST STOCKS-Saudi hit by weak oil, commodities; Egypt down modestly | Reuters:
"Weak oil prices and commodity-related shares hit Saudi Arabia's stock market on Tuesday as it reopened after a long Eid al-Adha break. Egypt's market edged down only slightly, reflecting an improving technical outlook for that market.
The Saudi stock index sank 1.4 percent in the opening minutes. Brent crude has dropped about 3 percent to around $47.50 a barrel since the Saudi bourse last traded on Sept. 21; this weighed on Saudi petrochemical shares, with Saudi Basic Industries down 1.6 percent.
Miner Ma'aden slipped 2.4 percent amid a global sell-off in commodity-related shares because of concern about flagging economic growth in Asia."
'via Blog this'
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