MIDEAST STOCKS-Saudi petrochemicals surge as politics pulls down most markets | Reuters:
"Saudi Arabian petrochemical shares surged on Thursday as Brent oil hit $78 a barrel, while most of the region’s stock markets fell because of geopolitical tensions after Israeli forces traded fire with Iranian forces in Syria.
The Saudi index rose 0.5 percent as the biggest petrochemical producer, Saudi Basic Industries, added one percent.
Nama Chemicals soared 9.6 percent in its heaviest trade since May 2014 after saying it had swung to a 28.2 million riyal ($7.5 million) profit in the first quarter from a year-earlier loss."
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