MIDEAST STOCKS-Markets fall but Saudi developers make gains; Orascom down 6 pct | Reuters:
"Middle East stock markets fell on Sunday as investors booked profits following a pull-back in oil prices and international stock markets, but some Saudi Arabian real estate shares bucked the downtrend because of the kingdom's economic reform plan.
Dar Al Arkan Real Estate Development added 7.5 percent after a 20 percent jump last week. It has been strong since the developer said last week that it was in talks with the government to provide housing under the reform policies.
Emaar Economic City, another company which announced last week that it plans to build homes with the Ministry of Housing, advanced 1.7 percent."
'via Blog this'
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