• MIDEAST STOCKS-Saudi falls before budget, rate hike hits Egypt

    DUBAI, Dec 27 (Reuters) – Saudi Arabia’s stock market fellin early trade on Sunday ahead of the release of the statebudget for 2016, while Egypt’s market was hit by an interestrate hike.The Saudi index fluctuated between positive andnegative territory in the opening minutes before slipping 0.8percent as the largest listed company, Saudi Basic Industries(SABIC), fell 1.2 percent. The Saudi budget, due to be announced on Monday afternoon,is expected to contain spending cuts, poss

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