Google+ Followers

Sunday, 13 August 2017

MIDEAST STOCKS-Bourses most exposed to foreign funds lag as global mood cautious

MIDEAST STOCKS-Bourses most exposed to foreign funds lag as global mood cautious:

"Stock markets in the Middle East that are most exposed to foreign funds were the chief losers on Sunday, taking their cue from international bourses, where the mood was soured last week by growing tensions between the United States and North Korea.

The worst performer in the region was Egypt's blue-chip index, which dropped 1.4 percent as all but two of the 30 most valuable shares declined. The broader EGX100 fell 0.7 percent.

Shares often traded by foreign funds were particularly weak, with Investment firm EFG Hermes dropping 5.8 percent and Commercial International Bank shedding 1.4 percent."



'via Blog this'