MIDEAST STOCKS-Saudi, Egyptian stocks firm in early trade – Reuters

11 months ago Comments Off on MIDEAST STOCKS-Saudi, Egyptian stocks firm in early trade – Reuters

DUBAI Feb 21 Saudi Arabian stocks were firm in
early trade on Sunday as retail investors bought second-tier
stocks, encouraged by last week’s gains, while strength in
Commercial International Bank buoyed Egypt.

The Saudi index was up 0.5 percent after an hour of
trade as Middle East Paper surged 7.6 percent and Al
Tayyar Travel climbed 4.0 percent.


A 1.3 percent rise in Commercial International Bank helped
Egypt’s stock index gain 0.8 percent, while Egyptian
Iron & Steel surged 8.9 percent. However, most stocks
among Egypt’s 10 most actively traded barely moved.

(Reporting by Andrew Torchia; Editing by Alison Williams)

MIDEAST STOCKS-Saudi, Egyptian stocks firm in early trade – Reuters}