UPDATE 2-MIDEAST STOCKS-Poor Q4 results weigh on Saudi; Egypt loses steam | Reuters:
"Shares in Saudi Arabia's top banks fell in early trade on Thursday after several disappointing earnings reports, while Egypt's market slowed its advance as the index ran into technical resistance after three strong sessions.
The main Saudi index was nearly flat and Al Rajhi Bank was the main drag, tumbling 4.5 percent after the lender's fourth-quarter profit missed analysts' estimates.
Al Rajhi's net profit slipped 1.8 percent to 1.52 billion riyals ($405 million) in the quarter; analysts had expected 1.70 billion riyals."
'via Blog this'
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