MIDEAST STOCKS-Petchems drag down Saudi, Dubai developers in focus | ZAWYA MENA Edition:
"Petrochemical shares dragged down Saudi Arabia's stock market in early trade on Wednesday while Dubai real estate developers traded actively after they reported third-quarter earnings.
The Saudi index fell 0.6 percent in the first half-hour as Saudi Basic Industries sank 1.8 percent and Yanbu Petrochemical dropped 1.4 percent.
Insurer Malath, which had surged its 10 percent daily limit on Tuesday after trading in its rights issue ended, jumped a further 10 percent. "
'via Blog this'
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