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Monday, 27 March 2017

MIDEAST STOCKS-Region follows global downtrend; Emaar Malls drops on Souq.com bid | Reuters

MIDEAST STOCKS-Region follows global downtrend; Emaar Malls drops on Souq.com bid | Reuters:

"Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by 115 to 31. Most petrochemical producers fell, with Saudi Kayan Petrochemical losing 0.7 percent. The largest dairy producer, Almarai, fell 0.7 percent and United Wire Factories dropped 2.0 percent as they both went ex-dividend."



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