Thursday 10 September 2015

MIDEAST STOCKS-Saudi Arabian and Egyptian markets ease | Agricultural Commodities | Reuters

MIDEAST STOCKS-Saudi Arabian and Egyptian markets ease | Agricultural Commodities | Reuters:



"Stock markets in Saudi Arabia and Egypt fell in early trade on Thursday, tracking regional and global equities.



Saudi Arabia's main stock index fell 0.8 percent with most stocks in the red. National Commercial Bank, the kingdom's biggest lender, was the main drag, sliding 1.7 percent.



Rating agency Fitch said on Wednesday it expected some deterioration in Saudi banks' asset quality, particularly in the contracting and construction sector, and also in retail portfolios over the next 18 months."



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