DUBAI: Saudi stocks plunged 2.3per cent as the market opened on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.
"The market was expensive versus the region and other emerging markets, plus second-quarter earnings were not good." Other petrochemical companies such as Yanbu National Petrochemicals Co and Kayan also announced significant reductions in feedstock supplies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: