MIDEAST STOCKS-Egypt pulls back on profit-taking, Saudi edges up | Reuters:
"Egypt's stock market pulled back early on Monday because of profit-taking from last week's 14 percent leap, while the Saudi Arabian stock market edged up.
The Cairo index soared last week on hopes that the devaluation of the currency would attract foreign fund inflows, helping to resolve the country's longstanding foreign exchange shortage.
On Sunday, however, the index fell back 0.3 percent, and it dropped a further 1.0 percent to 7,395 points in the first half-hour of trade on Monday. It has technical support at the January peak of 7,114 points."
'via Blog this'
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