UPDATE 2-MIDEAST STOCKS-Saudi rally pauses, Egypt extends losses | News by Country | Reuters:
"Saudi Arabia's bourse moved little in early trade on Monday after local companies reported a mixed set of first-quarter earnings, while Egypt's market extended losses.
The main Saudi index was nearly flat at 9,625 points, having surged 4.0 percent in the previous session on news that the market regulator would allow foreigners to buy local stocks directly from June 15.
Petrochemicals and titanium producer National Industrialization Co (Tasnee) dropped 4.4 percent after the firm said it had swung to a first-quarter net loss, which it blamed on lower sales prices and adverse moves in foreign exchange hedging contracts at a subsidiary."
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