MIDEAST STOCKS-Saudi, Egypt outperform in weak region:
"Saudi Arabia’s stock market rose in a mostly weak Gulf region on Tuesday after data showed deflationary pressure on the economy easing, while Egypt also gained but trading volume remained very low because of the end-of-year holiday period. The Saudi index rose 0.4 percent as real estate developer Dar Al Arkan, the most heavily traded stock, jumped 7.8 percent to its highest finish since September 2014. The stock soared between mid-November, when international index compiler MSCI said it was adding it to its Saudi Arabia Index, and mid-December. Investors are also hoping for the company to reach a deal with the housing ministry on building homes."
'via Blog this'
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