Sunday, 2 September 2012

MIDEAST STOCKS-Most Gulf bourses slip after U.S. shelves policy action; Egypt rallies - Yahoo! News Maktoob

Most Gulf markets closed lower on Sunday after the United States put off further monetary easing, while Egypt's bourse rallied on talks of a possible stake purchase in France's Societe Generale's unit.
Saudi Arabia's bourse, the largest Gulf market, finished lower for a second session since Wednesday's 16-week high. The index lost 0.6 percent with large-cap stocks weighing.
Bellwether Saudi Basic Industries Corp (SABIC) dropped 1.4 percent, Al Rajhi Bank dipped 0.7 percent
and Samba Financial Group fell 1.5 percent.

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