MIDEAST STOCKS-Saudi stocks slip; Qatar's Ooredo down on earnings miss | Reuters:
"Saudi stocks slipped in early trade on Thursday, with investors continuing to sell some blue chips after the index hit a more than two-year high earlier in the week. Other Gulf markets were mostly sluggish. The Saudi index was down 0.5 percent. Petrochemicals firms were the biggest drag with the index’s most heavily weighted company, Saudi Basic Industries Corp, down 1.0 percent. Saudi International Petrochemical Co (Sipchem) dropped 5.4 percent after missing earnings forecasts with a first-quarter net profit of 151 million riyals, up 65 percent on year. Three analysts surveyed by Reuters had on average forecast a profit of 189 million riyals."
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