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Most markets halt rally; Saudi hits fresh 41-mth high

By Nadia Saleem and Yasmine Saleh / Reuters DUBAI/CAIRO: Egypt’s main index slipped 1 percent on Monday from the previous day’s seven-month high as investors booked recent gains, while most regional markets fell in profit-taking. Commercial International Bank fell 3.1 percent in heavy trade. “Today we are seeing a lot of selling by foreign investors …

DNE

Egypt gains on upbeat Q4; most Gulf markets extend gains

By Reuters CAIRO: Egypt’s bourse bounced back from a two-session decline as estimate-beating earnings lifted sentiment on Thursday and most Gulf markets rallied as buying momentum continued despite a weaker global backdrop. Commercial International Bank, one of Egypt’s largest, surged 8.1 percent after its fourth-quarter net profit fell by a less-than-anticipated 9 percent. Telecom Egypt …

DNE

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