Monday 4 May 2015

UPDATE 2-MIDEAST STOCKS-Saudi Arabia slips; Egypt up as c.bank addresses FX shortage | Reuters

UPDATE 2-MIDEAST STOCKS-Saudi Arabia slips; Egypt up as c.bank addresses FX shortage | Reuters:



"Saudi Arabia's stock market slipped in early trade on Monday despite stronger oil, while Egypt's bourse rose as the central bank sold some foreign currency to address shortages faced by importers.



The main Saudi stock index edged down 0.2 percent and National Commercial Bank, the kingdom's top lender, was the main drag, declining 0.7 percent.



Saudi Arabia Fertilizers Co (SAFCO) edged down 0.6 percent after it said the start-up of a new urea plant owned by the company had been pushed back further to the end of June."



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