Monday 14 December 2015

MIDEAST STOCKS-Saudi, Egypt climb slightly higher supported by bargain buyers | Reuters

MIDEAST STOCKS-Saudi, Egypt climb slightly higher supported by bargain buyers | Reuters:

"Saudi Arabia and Egypt's bourses nudged higher on Monday, bolstered by buying support from bargain traders and positive company announcements.

Saudi Arabia's index rose 1 percent to 6,830 points, recovering some of Sunday's losses which dipped the market to its lowest level since late-2012.

Almarai jumped 6 percent to 80.25 riyals after it announced a dividend distribution of 1.15 riyals per share for 2015."



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