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Mideast Stocks-Gulf bourses edge higher after oil firms
2016-04-11 00:40:51| Chemicals - Topix.net
A rebound in oil prices to more than $41 a barrel last week helped to lift major Gulf stock markets in early trade on Sunday. The petrochemicals industry was an obvious beneficiary, with a 2.6 percent gain for Saudi Basic Industries helping to lift the kingdom's petrochemicals index by 2.1 percent while the market's main index rose 1.2 percent in early trade.
Mideast Stocks-Major bourses dragged lower by weaker oil, global equities
2016-02-07 17:04:25| Chemicals - Topix.net
DUBAI, Feb 7 Major stock markets in the Middle East fell on Sunday after oil prices pulled back and global bourses sold off at the end of last week. The correlation between oil prices and Gulf equity markets has strengthened in recent months with many investors believing markets will continue to trade in almost lockstep with crude prices in the near term.
Mideast Stocks-Saudi, Egypt fall as oil, global bourses decline
2016-01-26 15:10:45| Chemicals - Topix.net
Jan 26 Bourses in Saudi Arabia and Egypt fell in early trade on Tuesday as investors cashed out following a resumption in declines of global stocks and worries over further weakness in oil markets. Brent broke below $30 a barrel in Asian trade, as fresh worries about oversupply from top producers Saudi Arabia and Iraq spooked the market.
Mideast Stocks-Saudi continues sliding, most other Gulf bourses firm
2015-10-26 02:32:25| Chemicals - Topix.net
The Saudi stock index edged up in early trade but soon resumed falling and closed down 1.4 percent, bringing its losses over four trading days to 6.7 percent. Leading petrochemical producer Saudi Basic Industries , its margins squeezed by low oil prices and facing the possibility that the government could raise gas prices to save money, fell 2.7 percent.
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Bourses batten Apollo stock
2013-06-14 02:20:17| Industrial Machines - Topix.net
Mumbai, June 13: The Apollo Tyres' stock plunged over 25 per cent to close at Rs 68.60 on the Bombay Stock Exchange as investors and analysts feared the tyre maker may have "bitten off more than it could chew" by offering to acquire Cooper Tire & Rubber Company of the US in an all-cash deal valued at $2.5 billion.
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