Monday, August 3, 2015

Saudi Arabia's bourse down by oil

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Stock markets in the Middle East region fell on Sunday, after oil prices fell again topped the Saudi stock market, "which are strongly influenced by the petrochemical sector" losses fell to their lowest level in four months.
And dropped the main Saudi index 3.2% to 8807 points, its biggest daily loss since late March with almost all the decline in the stock on its list. Fell Saudi Basic Industries "SABIC" share a giant petrochemical production 3.9%. And it damaged the company's profits due to the fall in oil prices over the previous twelve months, and raised new drop in crude prices as investors worried.

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