MIDEAST STOCKS-Global trade tensions, Ramadan dent appetite for Gulf stocks - Agricultural Commodities - Reuters:
The Egyptian blue-chip index slid sharply to its worst day
in six months on Wednesday, mirroring weak global sentiment, while Saudi
Arabia's index fell, pressured by global tensions and investors retreating from
markets during the Muslim holy month of Ramadan.
Egypt's blue-chip index fell 2.5 percent, with 29 out of 30 stocks
trading in the red. Egypt's largest lender Commercial International Bank Egypt
fell 0.7 percent, while Egyptian Iron & Steel plunged 9.9
percent.
Property developer Emaar Misr For Development fell 4.7 percent
after reporting a 16.8 percent fall in its first-quarter net profit.
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