MIDEAST STOCKS-Oil, global markets weigh on region but Saudi petchems rise | Reuters:
"Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares.
A petchems rally in the final hour of trade helped pull the Saudi index up 114 points from its intra-day low of 5,349 points, its lowest level since March 2011. It closed 0.1 percent higher at 5,464 points.
Saudi Basic Industries, the largest petrochemcical firm, bounced up 1.7 percent to 61.75 riyals, well off its session low of 59.50 riyals. The stock is down 19.5 percent year-to-date."
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