MIDEAST STOCKS-Regional shares weak on profit-taking, fewer bets on Q3 earnings | Reuters:
"Regional markets were muted on Wednesday with profit-taking weighing on some bourses following strong early-week gains and dim global backdrop adding pressure as investors await cues from earnings.
Saudi Arabia's Jarir Marketing jumped 6.4 percent to an all-time high after the firm's board recommended a total dividend payout of 150 million riyals ($40 million) for the third quarter and one bonus share for every two held.
Saudi Arabia's benchmark edged up 0.09 percent to a fresh two-month high; gains in retail shares were offset by profit-taking in petrochemical and banking shares.
Elsewhere, Cairo's benchmark index retreated 0.6 percent, snapping a six-session winning streak. It dipped from a 33-month high hit in the previous session after the government announced plans to increase spending in an economic stimulus package by a third to 29.6 billion Egyptian pounds ($4.3 billion)."
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