Columns | Reuters.com:
Saudi Arabian stocks widened losses on Thursday, having hit an eight-month low in the previous session, while Egypt's blue-chip index rose for a third day after inflation dropped to a multi-year low in August.
The Saudi index closed 0.3% down in its third straight day of losses. Riyad Bank shed 1.8% and the kingdom's largest lender, National Commercial Bank, lost 1.2%.
The market fell as much as 2.5% on Wednesday, wiping out all its gains this year before clawing back some losses to close 0.4% up in the year to date.
With Thursday's losses, the market is now trading only 0.1% higher than the start of the year.
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