MIDEAST STOCKS-Saudi Arabia, Egypt inch down ahead of Ramadan | News by Country | Reuters:
"Stock markets in Saudi Arabia and Egypt slipped in early trade on Wednesday, the last day before the beginning of the Muslim holy month of Ramadan, during which trading activity usually slows considerably.
The main Saudi index inched down 0.1 percent as most blue chips declined. Alinma Bank, the most traded stock, slipped 0.1 percent while runner-up Saudi Basic Industries was unchanged.
Some market players had expected this Ramadan to be different in Saudi Arabia, which this week opened its market to direct foreign investment."
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