MIDEAST STOCKS-Saudi stock index stalls at chart barrier; Amer soars in Egypt | Reuters:
"Saudi Arabia's stock market stalled early on Monday after previously bumping up against recent highs, while real estate stocks lifted Egypt where Amer Group, a major player in the sector, surged.
The Saudi stock index, which had risen sharply in the past several days on the back of rebounding petrochemical stocks, edged down 0.2 percent to 7,810 points in the opening minutes. It faces a chart barrier at 7,812-7,953 points, its highs in September and at the end of August.
Leading petchem Saudi Basic Industries slipped 0.6 percent and National Commercial Bank, the kingdom's largest bank by assets, fell 0.5 percent after it posted a net profit of 1.99 billion riyals in the three months to Sept. 30. Analysts polled by Reuters had on average forecast NCB would make 2.23 billion riyals."
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