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Tuesday, 24 January 2017

MIDEAST STOCKS-Saudi continues rebound, Egypt pulls back | Reuters

MIDEAST STOCKS-Saudi continues rebound, Egypt pulls back | Reuters:

"Saudi Arabia's stock market continued rebounding in early trade on Tuesday, while Egypt pulled back amid selling by foreign investors.

The Saudi index climbed 1 percent in the first 80 minutes, adding to Monday's 1.7 percent gain.

Mouwasat Medical Services jumped 4 percent after saying its board was recommending a cash dividend of 2.5 riyals per share for 2016, up from 2 riyals in the previous year. The company reported an estimate-beating 34.2 percent rise in fourth-quarter profit last week."



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