MIDEAST STOCKS-Saudi pulls back as retailers slide; Egypt moves little | Reuters:
"Saudi Arabia's stock market fell early on Wednesday as retailers dropped following a negative sales forecast by one of them, while Egypt's bourse moved little amid uncertainty over the currency and interest rates.
The Saudi index dropped 0.8 percent in the first 15 minutes of trade as Jarir Marketing sank 7.2 percent after warning late on Tuesday that its sales would plunge by as much as 30 percent year-on-year in the first quarter of 2016.
The projected drop is partly because sales were unusually high in the first quarter of 2015, hitting 1.9 billion riyals ($507 million) as King Salman granted a bonus of two months' salary to state employees to mark his accession to the throne."
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