Tuesday, 9 February 2016

MIDEAST STOCKS-Egypt tumbles, follows global market rout; Saudi slips | Reuters

MIDEAST STOCKS-Egypt tumbles, follows global market rout; Saudi slips | Reuters:

"Egypt's stock market fell more than 2 percent in early trade on Tuesday, following global shares lower, while Riyadh's index slipped as local traders cashed out of speculative shares.

Egypt's main index tumbled 2.1 percent. Palm Hills Development was down 3.0 percent and was the most heavily traded stock, after the real estate developer posted strong quarterly earnings early this week.

Commercial International Bank, an Egyptian share favoured by international fund managers, retreated 3.7 percent."



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