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Monday, 21 November 2016

MIDEAST STOCKS-Saudi sags on profit taking, Egypt conquers 8-yr high as currency weakens | Reuters

MIDEAST STOCKS-Saudi sags on profit taking, Egypt conquers 8-yr high as currency weakens | Reuters:
"Stock markets in the Gulf diverged on Monday with Saudi Arabia's index cooling for a third session as investors book profits on lofty prices while Abu Dhabi rebounded slightly.

Egypt hit yet another 8-year high as foreign investors continued to reprice equities as the local currency weakened against the U.S. dollar.

Riyadh's main index fell 1.1 percent in modest trade, with roughly 70 percent of the traded shares declining. It is now down 2.3 percent over the past three sessions but is still up 14.9 percent over the last 30 days."

'via Blog this'