Google+ Followers

Monday, 14 November 2016

MIDEAST STOCKS-Egypt, Saudi hit by profit-taking, Gulf down with emerging markets | Reuters

MIDEAST STOCKS-Egypt, Saudi hit by profit-taking, Gulf down with emerging markets | Reuters:
"Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in emerging markets dragged down the United Arab Emirates and Qatar.

Cairo's blue chip index, which had soared 28.1 percent since the Egyptian pound was floated on Nov. 3, fell 2.0 percent ending 12 consecutive sessions of gains. The broader EGX100 index dropped 0.8 percent.

Exchange data showed non-Arab foreign investors remained net buyers of stocks to the tune of about $6.7 million, a smaller amount than in previous days."

'via Blog this'