MIDEAST STOCKS-Petchem, small-caps boost Saudi market; banks weigh on Abu Dhabi | Reuters:
"Petrochemical and small-cap stocks turned around Saudi Arabia's index after early declines on Monday while blue-chip companies dragged other Middle Eastern bourses lower.
The Saudi benchmark swung in volatile trade, dipping below the critical 6,000 level but then gaining momentum mid-session as petrochemical and speculative stock were heavily bought, lifting the index 1.4 percent to settle at 6,177 points.
"The swing factor in the stock market were the petrochemical shares," said a Riyadh-based trader. "Further dips in the market will make those stocks relatively more attractive from a valuation perspective.""
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