MIDEAST STOCKS-Dubai jumps, Saudi flat ahead of budget | Reuters:
"Middle Eastern stock markets were mixed on Monday as Dubai bounced back from the previous day's losses while Saudi Arabia's index was almost unchanged as investors awaited the release of the kingdom's state budget, expected in the coming days.
The Saudi index fluctuated narrowly before ending down 0.01 percent at 6,930 points. Trading volume was modest as many investors were unwilling to trade without knowing the size of spending cuts expected in the budget.
However, petrochemical producer Saudi Basic Industries fell 1.7 percent to 84.75 riyals, heading towards its December low of 83.25 riyals."
'via Blog this'
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