09-03-2016 09:42 via rocketnews.com

MIDEAST STOCKS-Saudi pulls back as retailers slide; Egypt moves little

DUBAI, March 9 (Reuters) – Saudi Arabia’s stock market fellearly on Wednesday as retailers dropped following a negativesales forecast by one of them, while Egypt’s bourse moved littleamid uncertainty over the currency and interest rates. The Saudi index dropped 0.8 percent in the first 15minutes of trade as Jarir Marketing sank 7.2 percentafter warning late on Tuesday that its sales would plunge by asmuch as 30 percent year-on-year in the first quarter of 2016. The projected d
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