Wednesday 18 November 2015

UPDATE 1-MIDEAST STOCKS-Egypt extends losses, Saudi bucks trend as oil rises | Reuters

UPDATE 1-MIDEAST STOCKS-Egypt extends losses, Saudi bucks trend as oil rises | Reuters:

"Egyptian shares extended recent losses on Wednesday as security concerns increased, while a rise in oil prices helped the Saudi market edge higher, bucking the Gulf region trend.

Cairo's index fell 1.3 percent to hit a new 23-month intraday low after Russia said on Tuesday that an act of terrorism brought down its airliner.

Two employees of Egypt's Sharm al-Sheikh airport have been detained for questioning over the crash that killed all 224 people aboard, but Cairo later said its investigation yielded no evidence of foul play."



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