Wednesday 26 August 2015

MIDEAST STOCKS-Saudi stocks pull back, Egypt stalls | Reuters

MIDEAST STOCKS-Saudi stocks pull back, Egypt stalls | Reuters:



"Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.



The Saudi index had surged 7.4 percent on Tuesday in the highest trading volume since May 2014, rebounding after losing 23 percent in the month of August.



With global oil prices and equities still shaky, however, there was little follow-through buying on Wednesday morning and the index was down 1.7 percent in the opening minutes."



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