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Monday, 5 December 2016

MIDEAST STOCKS-Gulf slips as global shares wobble on Italy vote, Egypt's OTMT sold off | Reuters

MIDEAST STOCKS-Gulf slips as global shares wobble on Italy vote, Egypt's OTMT sold off | Reuters:
"Most stock markets in the Gulf fell on Monday as the mood on global exchanged darkened because of the 'No' vote in Italy's referendum on constitutional reform, while Egypt's most heavily traded stock sank on news its chief executive would step down.

Riyadh's main index fell 0.3 percent to 7,106 points, but it closed 83 points above its intra-day low and is still up 3.2 percent year-to-date.

Trading volume shrank slightly but remained healthy compared to this year's average, and fund managers characterised the selling of stocks as profit-taking rather than an reversal of the strong uptrend of the last few weeks."

'via Blog this'