MIDEAST STOCKS-Saudi, Egypt mixed in modest volumes | Reuters:
"Stock markets in Saudi Arabia and Egypt were narrowly mixed in early trade on Wednesday as modest trading volumes suggested some investors were withdrawing from the market after a surge of activity in the last few weeks.
The Saudi bourse jumped earlier this month in response to the rebound of oil prices near $40 a barrel, while Egypt was boosted by a currency devaluation which could help to resolve the country's longstanding foreign exchange shortage.
But shrinking trading turnover in the last few days suggests the impact of those events is fading and some investors are returning to the sidelines in the absence of other catalysts."
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