MIDEAST STOCKS-Oil price hit Saudi market, Dubai hurt by property stocks | Reuters:
An oil price slump hit Saudi stocks, the Gulf’s best performing market this year, on Monday while the Dubai exchange gave up its early gains due to renewed selling of property stocks. Oil prices fell following comments from the White House that the leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed. The Saudi index fell 0.8 percent, with petrochemicals firm SABIC falling 1.6 percent, while refiner Petro Rabigh also dropped 1.6 percent.
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