Thursday 11 June 2015

MIDEAST STOCKS-Saudi Arabia flat despite weaker oil, Egypt slips | News by Country | Reuters

MIDEAST STOCKS-Saudi Arabia flat despite weaker oil, Egypt slips | News by Country | Reuters:



"Gains by Saudi Arabia's property and consumer stocks offset losses in the petrochemicals sector following oil's retreat on Thursday, while Egypt's bourse edged down.



Overall, the main Saudi index was flat, supported by foodmaker Savola Group, up 1.5 percent, and major retail lender Al Rajhi Bank which rose 0.2 percent.



Real estate companies Jabal Omar and Dar Al Arkan climbed 0.9 and 1.2 percent respectively."



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