MIDEAST STOCKS-Petchems pull Saudi down, Egypt falls after budget | Reuters:
"Petrochemical shares pulled Saudi Arabia's stock market down early on Thursday after Brent oil fell back below $39 a barrel, while Egypt's bourse dropped after the cabinet announced next fiscal year's draft budget.
The Saudi index lost 0.7 percent as Saudi Basic Industries SE> slid 1.3 percent. Hospital operator Middle East Healthcare, which had jumped its 10 percent daily limit for two straight days since listing on Tuesday, pulled back 0.3 percent.
But Arabian Pipes climbed 6.3 percent after saying it had won a 73 million riyal ($19.5 million) contract to supply pipes to national oil giant Saudi Aramco."
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