MIDEAST STOCKS-Most Gulf markets lose steam, Egypt rises | Reuters:
"Most stock markets in the Gulf lost steam on Monday after strong rises on the previous day due to climbing oil prices, but active trading volumes indicated investor sentiment remained positive. Egypt rose moderately in line with firm global bourses.
The Saudi stock index, which had jumped 2.9 percent on Sunday, closed 0.1 percent lower as petrochemical blue chip Saudi Basic Industries, which had climbed 20 percent since mid-February, fell back 1.0 percent.
But there was active trade in second- and third-tier stocks such as Saudi Fisheries, which surged 5.9 percent. Abdullatif Industrial Investment Co gained 2.8 percent after its annual general meeting approved a 3 percent dividend payment for the fourth quarter."
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