MIDEAST STOCKS-Saudi stocks slip on profit-taking, other markets up | Reuters:
Saudi Arabian stocks dipped on Wednesday as investors booked profits, while shares in most other parts of the Middle East gained ground led by Egypt, where Commercial International Bank continued its recent surge.
Profit-taking in Saudi followed the index on Tuesday closing above its 200-day average, which analysts say is a positive technical signal for the market.
Market heavyweight Saudi Basic Industries Corp (SABIC) slipped 1.4 percent, while Saudi Arabian Mining Co (Ma’aden) and Savola Group 2050.SE> both fell 2.1 percent. The Saudi index dropped 0.2 percent.
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