Sunday, 27 March 2016

MIDEAST STOCKS-Egypt pulls back from near technical barrier, Gulf slips | Reuters

MIDEAST STOCKS-Egypt pulls back from near technical barrier, Gulf slips | Reuters:

"Egypt's stock market fell back from near technical resistance on Sunday while Gulf markets also slipped in the absence of fresh, positive news.

The Egyptian index, which is up 22 percent since the end of last month in response to a devaluation of the currency, has stalled in the past few days below last October's peak of 7,671 points.

It spent much of Sunday trading higher but ultimately closed 0.9 percent lower at 7,480 points. Trading volume was active but shrunk from recent days' levels."



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