MIDEAST STOCKS-Region soft as Saudi slides but local institutions lift Qatar:
"Major Middle Eastern stock markets were mostly lower on Sunday with petrochemical shares dragging down Saudi Arabia, but Qatar’s bourse climbed on the back of determined buying by local institutional investors.
The Saudi index fell 1.0 percent as 12 of 14 petrochemical producers slid, after Brent oil, which two weeks ago was trading around $70 a barrel, fell more than 3 percent on Friday to $62.79, its lowest since late December.
Al Tayyar Travel closed 1.7 percent lower after tumbling 8 percent at one stage. It reported annual net profit shrank to 497 million riyals ($132.5 million) from 814 million riyals; fourth-quarter profit was 17 million riyals, far below NCB Capital’s prediction of 113 million riyals for the quarter."
'via Blog this'
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