MIDEAST STOCKS-Saudi, Egyptian indexes edge down in early trade | Reuters:
"Stock indexes in Saudi Arabia and Egypt edged down in early trade on Sunday, showing investor sentiment remains very fragile despite Friday's sharp rebound in oil and global equity markets.
Saudi's Arabia rose in early trade but was 0.2 percent lower after an hour. Blue chip Saudi Basic Industries added 0.4 percent and major Islamic lender Al Rajhi advanced 2.0 percent, but decliners outnumbered gainers 122 to 34 as most second- and third-tier stocks dropped.
Al Tayyar Travel tumbled 5.9 percent after saying it had acquired a 33.3 percent stake in Jumia Middle East Co, owner of online shopping website wadi.com, for 125.6 million riyals ($33.5 million). It said it would finance the purchase from retained earnings."
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