Tuesday, 10 April 2012

MIDEAST STOCKS-Profit-taking weighs on Saudi; Egypt an 9-week low - Yahoo! News UK

The Saudi bourse declined for a fifth session on Tuesday as investors booked gains from a recent rally, and Egyptian shares fell to a nine-week low on uncertainty over the drafting of a new constitution and a presidential election.
The kingdom's index lost 1.9 percent, trimming year-to-date gains to 17.7 percent.
Heavyweights Saudi Basic Industries Corp (SABIC) and Al Rajhi Bank fell 2.6 and 2.2 percent respectively.

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