Monday, 23 November 2015

MIDEAST STOCKS-Saudi slips on weak oil; Egypt drops on corporate news | Reuters

MIDEAST STOCKS-Saudi slips on weak oil; Egypt drops on corporate news | Reuters:

"Saudi Arabia's stock market slipped early on Monday because of weak oil prices, while Egypt's bourse also fell on negative corporate news.

Brent crude oil dropped 2.1 percent in Asian trade to below $44 a barrel. The Saudi stock index, which had surged 2.1 percent on Sunday, fell back 0.4 percent in the first 90 minutes of trade.

Real estate developer Dar Al Arkan dropped 0.8 percent. Banks fell with Al Rajhi losing 1.5 percent."



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