MIDEAST STOCKS-Saudi knocked back by oil prices, Egypt mixed | Reuters:
"Saudi Arabia's stock market retreated moderately early on Tuesday because of a plunge of oil prices, while Egypt's market moved little after four days of gains.
Brent crude oil sank 5.3 percent to below $50 a barrel on Monday, denting - though not destroying - hopes that oil prices had finally bottomed out.
The Saudi stock index slipped 0.3 percent in the opening minutes as top petrochemical producer Saudi Basic Industries, which had jumped 12 percent in the past four days because of stronger oil prices, fell back 0.6 percent."
'via Blog this'
No comments:
Post a Comment