Saudi Arabia's stock market is likely to be largely unaffected by geopolitical tensions next week and to focus instead on petrochemical companies which are due to announce quarterly earnings, analysts said. Mohammed Alomran, a member of the Saudi Economic Association, a think tank, said: "It had zero effect on the market which was more interested in the international scene, mainly the Obama (jobs) bill that didn't get passed and profit announcements on a local level." Along with banks, petrochemical stocks are one of the two most heavily weighted sectors in the main Saudi stock index, representing about 30 percent of total market capitalization. The petrochemical index rose 2.6 percent in the past week, while the main index climbed 1.7 percent. SABIC is expected to post a net profit rise of 48.9 percent when it reports in coming days or weeks, analysts said. The stock is down 12.9 percent for the year and has an extremely low trailing price
