Tuesday 1 December 2015

MIDEAST STOCKS-Saudi, Egypt edge up in quiet, early trade | Reuters

MIDEAST STOCKS-Saudi, Egypt edge up in quiet, early trade | Reuters:

"The stock markets of Saudi Arabia and Egypt edged up in quiet, early trade on Tuesday, with sentiment supported by solid gains in Asian markets and a rebound in Qatar, but there were few fresh incentives to buy.

The Saudi index rose 0.3 percent. Emaar Economic City climbed 4.8 percent to a five-week high. It has attracted interest since it said on Sunday last week that authorities, who have been investigating how the firm acquired land in the industrial zone which it is developing, would let it keep the land to protect the interests of investors.

Egypt's index rose from near technical support on the November low of 6,302 points, rising 0.4 percent to 6,382 points."



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