MIDEAST STOCKS-Saudi Arabia flat, Egypt inches down - Yahoo Maktoob News:
"Stock markets in Saudi Arabia and Egypt moved very little in early trade on Wednesday, lacking strong catalysts.
Brent crude has risen 1.1 percent to $64.42 per barrel on Wednesday but has yet to recover fully from Tuesday's drop of more than 2 percent.
The main Saudi stock index has fluctuated near the previous day's close. Leading retail lender Al Rajhi Bank slipped 0.9 percent to 66.75 riyals after Al Jazira Capital cut its target price for the stock to 61.50 riyals from 63.90 riyals, citing two straight year-on-year declines in quarterly profit and a slowdown in lending activity."
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