Monday 7 December 2015

MIDEAST STOCKS-Oil drop weighs on Saudi; Egypt gains continue | Reuters

MIDEAST STOCKS-Oil drop weighs on Saudi; Egypt gains continue | Reuters:

"Egypt's stocks were bolstered by upbeat economic data while the Saudi bourse dipped lower in lethargic trade as market participants awaited the kingdom's budget later this month.

Cairo's benchmark edged up 0.1 percent to 6,844 points, trading higher for a second day after the Planning Ministry revised its gross domestic product (GDP) target for the current fiscal year to 5.5 percent from 5 percent.

A break above 7,000 could spur buyers to enter the market more aggressively, said a Cairo-based trader."



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