MIDEAST STOCKS-Saudi tests technical support, Egypt slides on rate outlook | Reuters:
"Saudi Arabia's stock market retested technical support and Egypt's market also dropped early on Sunday as the prospect of a U.S. interest rate hike loomed.
The Saudi stock index dropped 1.1 percent to 6,883 points in the opening minutes, falling below its August low of 6,921 points. The index initially tested and held that support last week.
Oil prices fell as much as 2 percent on Friday, with Brent ending below $48 a barrel. That hit petrochemical producers such as Saudi Basic Industries, which sank 1.2 percent."
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