MIDEAST STOCKS-Saudi continues sliding, most other Gulf bourses firm | Reuters:
"Saudi Arabia's stock market fell
further on Sunday because of worries that low oil prices would
force Riyadh into spending cuts and tax increases, although most
other Gulf markets rose in response to a strong tone for global
equities.
The Saudi stock index edged up in early trade but
soon resumed falling and closed down 1.4 percent, bringing its
losses over four trading days to 6.7 percent.
Leading petrochemical producer Saudi Basic Industries
, its margins squeezed by low oil prices and facing the
possibility that the government could raise gas prices to save
money, fell 2.7 percent."
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