Wednesday, 22 June 2016

MIDEAST STOCKS-Gulf mixed before Brexit vote, Egypt resumes downtrend | Reuters

MIDEAST STOCKS-Gulf mixed before Brexit vote, Egypt resumes downtrend | Reuters:

"Gulf stock markets were mixed in narrow ranges and moderate volumes on Wednesday, with investors cautious before Britain's European Union referendum. Egypt resumed sliding after it broke major technical support earlier this week.

Saudi Arabia's index dropped 0.3 percent. Some banks were weak, with Saudi Hollandi Bank down 2.8 percent. Saudi Basic Industries, the Gulf's largest listed petrochemical producer, added 0.3 percent as oil prices rose.

Arabian Pipes jumped its 10 percent daily limit for a second straight day in its heaviest trading since early 2005."



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