Sunday 16 August 2015

MIDEAST STOCKS-Markets in Saudi Arabia, Egypt edge down - Yahoo Maktoob News

MIDEAST STOCKS-Markets in Saudi Arabia, Egypt edge down - Yahoo Maktoob News:



"Stock markets in Saudi Arabia and Egypt fell in early trade on Sunday as negative news weighed on some stocks and investor sentiment across the region was gloomy.



Saudi Arabia's main index edged down 0.6 percent and oil shipper Bahri was one of the main drags, dropping 2.9 percent after benchmark tanker freight rates from the Gulf to Japan dropped 3.0 percent on Friday to their lowest level in more than 10 months.



Ex-dividend stocks also weighed; Hail Cement tumbled 4.4 percent and Saudi Airline Catering dropped 2.4 percent."



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