MIDEAST STOCKS-Gulf mixed as Saudi rebounds from dip; Egypt rises: Thomson Reuters Business News - MSN Money:
"* Eid holidays may coincide with U.S. political crisis
* Saudi dips as much as 1.7 pct, then recovers
* Dubai eases after index posts negative momentum divergence
* Gulf Finance House soars as chairman steps down
* Foreign buying helps to boost Egypt
By Olzhas Auyezov
DUBAI, Oct 6 (Reuters) - Gulf markets were mixed on Sunday as investors were cautious ahead of third-quarter earnings reports and Eid holidays that could coincide with major developments in the U.S. government's crisis over its funding and debt ceiling.
Saudi Arabia's bourse sank as much as 1.7 percent on what traders said was pre-holiday profit-taking, before closing down just 0.2 percent.
Gulf markets will be wholly or partially closed next week for Eid al-Adha, with Saudi Arabia shut for the entire week. While most investors are not gravely worried by the U.S. political turmoil, expecting it to be resolved before major damage is done to the U.S. economy or markets, the holidays will leave them exposed during a critical period."
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