MIDEAST STOCKS-Saudi, Egypt stabilise; SABIC rebounds | Reuters:
"The Saudi Arabian and Egyptian stock markets stabilised early on Sunday after falling late last week, with a strong tone in global equities encouraging investors to buy back blue chips.
The Saudi index slipped last week because of worries that low oil prices would force Riyadh into spending cuts and other fiscal reforms that would hurt economic growth and corporate profits.
In the opening minutes of Sunday the index edged up 0.1 percent, however, with leading petrochemical producer Saudi Basic Industries adding 0.9 percent."
'via Blog this'
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