MIDEAST STOCKS-Petchems boost Saudi, telcos move in opposite directions | Reuters:
Saudi Arabia’s stock market rose early on Monday, boosted by petrochemical shares, while Qatar fell as most of its banks slipped.
Oil prices were largely steady after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concern about oversupply.
The Saudi Arabian index rose 0.6 percent in the first 90 minutes with Saudi Basic Industries adding 1.3 percent. Al Rajhi Bank gained 0.5 percent.
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