MIDEAST STOCKS-Saudi rises from chart support, data caps Egypt | Reuters:
"Saudi Arabia's stock market rose slightly from near technical support early on Wednesday, while poor economic data continued to weigh on Egypt.
The Saudi stock index edged up 0.3 percent to 6,974 points after falling to 6,955 points on Tuesday following Standard & Poor's downgrade of the kingdom's debt. It has support at its August low of 6,921 points.
Al-Rajhi Bank rose 1.5 percent. Late on Tuesday, Fitch Ratings lowered the outlooks for the Long-term Issuer Default Ratings of Saudi British Bank, Banque Saudi Fransi and Arab National Bank to negative from stable, citing a tougher operating environment caused by low oil prices, but the banks' shares were flat to higher."
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