MIDEAST STOCKS-Saudi tests technical support, Egypt mixed | Reuters:
"Saudi Arabia's main stock index tested technical support in early trade on Sunday, depressed by lower oil prices, while Egypt's market moved little.
After about an hour of trade the Saudi index was down 0.6 percent to 9,447 points, fluctuating close to support on its 200-day average, now at 9,441 points.
Any clean break below that support - two straight daily closes - would be technically negative, implying a fresh wave of profit-taking after the index rose in anticipation of the market being opened to direct foreign investment on June 15."
'via Blog this'
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