MIDEAST STOCKS-Saudi Telecom boosts Riyadh index, Egypt's slide slows | Reuters:
"Saudi Arabia's stock market
rebounded from near technical support on Wednesday, helped by
positive dividend news from Saudi Telecom, while Egypt's decline
slowed after three days of steep falls due to currency and
interest rate fears.
The Saudi index climbed 2.0 percent to 7,128 points,
bouncing from near chart support on its August low of 6,921
points. It was the biggest rise since early September.
Saudi Telecom surged its 10 percent daily limit in
its highest turnover since February. The company said it planned
to pay a minimum quarterly dividend of 1 riyal per share for
three years from the fourth quarter of 2015."
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