MIDEAST STOCKS-Food sector and firmer oil price lifts Saudi index, Egypt market dips | Reuters:
"Food companies buoyed the Saudi stock market on Sunday after better than expected results from the region's largest dairy food producer while a visit by the king of Saudi Arabia to Egypt failed to lift the Cairo bourse.
The Saudi index advanced 1.4 percent after dairy producer Almarai reported a slight rise in first-quarter net profit in a challenging market. Almarai's shares rose by 3.6 percent, helping the food sector to a 4.2 percent gain.
Savola, which has a 36.5 percent stake in Almarai, jumped 6 percent to 44.10 riyals and is Riyadh-based NCB Capital's top pick in the sector."
'via Blog this'
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