MIDEAST STOCKS-Most Gulf stocks in red over Syria tension, Saudi stabilises:
"Most Gulf stock markets closed lower on Thursday as the threat of U.S. military action in Syria kept investors on the sidelines, but the Saudi Arabian market stabilised after a sell-off on the previous day.
In Egypt, the index fell 1.8 percent as investors booked profits, overwhelming a 1.4 percent gain on Wednesday. Banking and property stocks were hit hard with Commercial International Bank falling 3.3 percent.
Property firm Madinet Nasr for Housing and Development dropped 6.5 percent after soaring on Wednesday on news that it would discuss a possible merger with SODIC. SODIC rose a further 1.8 percent."
'via Blog this'
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