Thursday 2 July 2015

MIDEAST STOCKS-Egypt falls on security worries; Saudi market flat | Reuters

MIDEAST STOCKS-Egypt falls on security worries; Saudi market flat | Reuters:



"Egypt's stock market fell in early trade on Thursday because of security worries after bloody clashes with militants in Sinai.



Reopening after a two-day holiday, the market slid 0.5 percent to 8,333 points. It has been falling for a month, heading for a test of technical support at its May low of 8,261 points.



The army said on Wednesday that more than 100 militants and 17 soldiers were killed after simultaneous assaults on military checkpoints in North Sinai. Islamic State claimed responsibility for the attacks."



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