MIDEAST STOCKS-Saudi sinks to four-year low; Egypt mixed | Reuters:
"Saudi Arabia's stock market extended losses on Monday to reach a new four-year low as investors sold off ahead of earnings season, while Egypt's market was mixed in thin trade.
Saudi's bourse was down 1.2 percent at 6,020 points as of 0900 GMT after briefly breaching the critical 6,000 level. It has fallen 12.8 percent this year and hit its lowest level since October 2011 in early trade.
"Technical indicators show the index is oversold but remains in a downtrend, a break below 6,000 could trigger further declines" said a note by Saudi's Riyad Capital."
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