MIDEAST STOCKS-Small-caps pull down Saudi, Egypt slides | Reuters:
"A sell-off of small-cap speculative stocks pulled Saudi Arabia's stock market down on Sunday, while Egypt dropped in response to weak global equities and concern about risks to the Chinese economy. Most Gulf markets were subdued.
The Saudi index, which had plunged 9.9 percent last week as oil prices slid, fell a further 2.2 percent to 6,091 points, its lowest level since November 2011.
In contrast to last week, Saudi petrochemical shares help up well, showing some resilience after a slide triggered by rises in the price of natural gas feedstock in the 2016 Saudi state budget. Saudi Basic Industries rebounded 1.1 percent."
'via Blog this'
No comments:
Post a Comment