Wednesday 6 May 2015

MIDEAST STOCKS-Saudi Arabia slips, Egypt pulls back after rally - Yahoo News

MIDEAST STOCKS-Saudi Arabia slips, Egypt pulls back after rally - Yahoo News:



"Saudi Arabia's stock market slipped in early trade on Wednesday despite strong oil prices after Yemen's Houthis attacked a town in the kingdom for the first time, while Egypt's rally slowed.



The main Saudi index inched down 0.1 percent as blue chips Saudi Basic Industries and Saudi Telecom fell 0.9 and 2.8 percent respectively.



Yemen's Houthi fighters fired mortar and rockets at a Saudi Arabian border town on Tuesday for the first time since a Saudi-led coalition began a military campaign against them in late March."



'via Blog this'

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