MIDEAST STOCKS-Saudi falls before budget, rate hike hits Egypt | Reuters:
"Saudi Arabia's stock market fell in early trade on Sunday ahead of the release of the state budget for 2016, while Egypt's market was hit by an interest rate hike.
The Saudi index fluctuated between positive and negative territory in the opening minutes before slipping 0.8 percent as the largest listed company, Saudi Basic Industries (SABIC), fell 1.2 percent.
The Saudi budget, due to be announced on Monday afternoon, is expected to contain spending cuts, possibly including a rise in natural gas feedstock prices for petrochemical producers such as SABIC."
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