Tuesday, 16 June 2015

MIDEAST STOCKS-Saudi blue chips slip further; Egypt edges up after China deal | Reuters

MIDEAST STOCKS-Saudi blue chips slip further; Egypt edges up after China deal | Reuters:



"Most Saudi Arabian blue chip stocks fell in early trade on Tuesday on disappointment over the slow entry of foreign investors into the market, while Egypt's bourse turned positive after Cairo struck a $10 billion deal with China.



The main Saudi index slipped 0.2 percent as heavyweights Saudi Basic Industries and National Commercial Bank lost 0.9 and 0.4 percent respectively.



Most other components of the provisional MSCI Saudi Arabia index also fell, having rallied in previous weeks in anticipation of demand when the market opened to direct foreign investment on June 15."



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