MIDEAST STOCKS-Oil price fall weighs on Saudi while blue chips gain in Egypt - Agricultural Commodities - Reuters:
Saudi Arabia's stock market fell sharply
on Thursday as banks and petrochemical shares dropped amid
falling oil prices, while Egypt's blue-chip index closed higher.
Saudi's index dropped 1.4% with 10 of its 11 banks
trading lower. Al Rajhi Bank shed 1.7% and Saudi Basic
Industries fell 2.5%.
Oil prices dropped on Thursday, extending falls from the
previous session amid growing U.S. crude inventories as low
refinery runs and trade standoffs weigh on the demand outlook.
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