(Updates with Saudi Arabia and Egypt open) DUBAI, **v 11 (Reuters) - Telecommunications operator Mobily weighed on Saudi Arabia's bourse in early trade on Tuesday, while strong third-quarter results posted by investment bank EFG Hermes lifted Egypt's index. The main Saudi index was nearly flat as Mobily dropped 2.9 percent, offsetting gains made by other stocks On Monday last week, the firm cut its profits for 2013 and the first half of 2014 by a combined 1.43 billion riyals ($381.2 million), citing accounting errors, and also reported a 71 percent plunge in third-quarter profit. ...
11-11-2014, 02:13 PM
MIDEAST STOCKS-Mobily weighs on Saudi; EFG Hermes lifts Egypt
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