Thursday 26 November 2015

MIDEAST STOCKS-Saudi, Egyptian markets edge up | Reuters

MIDEAST STOCKS-Saudi, Egyptian markets edge up | Reuters:

"The Saudi Arabian and Egyptian stock markets were firm in early trade on Thursday but trading in Riyadh focused on second-tier stocks, suggesting many local and foreign institutional investors were staying away.

The Saudi stock index edged up 0.3 percent as Jazan Development, an agriculture and real estate firm, added 5.7 percent.

Egypt's index rose 0.4 percent as financial firm Pioneers Holding gained 4.1 percent after reporting an 11 percent rise in nine-month net profit."



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