25-06-2015 11:32 via news.yahoo.com

MIDEAST STOCKS-Egypt sinks as Ezz Steel tumbles; Saudi barely moves

DUBAI, June 25 (Reuters) - Egypt's stock market fell in early trade on Thursday as Ezz Steel dropped sharply, while Saudi Arabia's market barely moved. The Cairo index sank 1.2 percent to 8,357 points, heading for a test of major technical support on its May low of 8,261 points. Ezz slid 6.0 percent to a fresh 23-month low in heavy trade. It has lost 23 percent since it reported a net loss of 835.58 million Egyptian pounds ($109.5 million) for 2014 in early June. ...
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