Mideast Stocks: Petrochemicals companies hold back Saudi as rival markets firm | ZAWYA MENA Edition:
Saudi Arabia's stock market dropped on Wednesday as petrochemical companies slid amid falling oil prices while rival markets were mostly lifted by financial stocks.
The Saudi index eased 0.2 percent from the multi-year closing high hit after it entered FTSE Russell's emerging-market index on Monday.
The Middle East's largest petrochemicals producer Saudi Basic Industries 2010.SE slipped 0.3 percent and Riyad Bank shed 1.5 percent as the lender traded ex-dividend.
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